Looking to diversify beyond FHPDX? The mutual funds below have the lowest correlation with FHPDX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FHPDX.
Best Diversifiers for FHPDX
0 mutual funds have low correlation with FHPDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.60, roughly unchanged from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.60 | 0.55 | 0.59 | 96 | Semiconductors, Technology Equities | FHPDX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.69 | 0.63 | 0.68 | 73 | Large Cap Growth Equities | FHPDX vs FBGRX | |
| Fidelity 500 Index Fund | 0.80 | 0.72 | 0.73 | 66 | S&P 500 | FHPDX vs FXAIX | |
| Voya Target Retirement 2040 Fund | 0.80 | 0.80 | 0.81 | 81 | Target Retirement Date | FHPDX vs IRSOX | |
| Fidelity ZERO Large Cap Index Fund | 0.80 | 0.72 | 0.74 | 63 | Large Cap Blend Equities | FHPDX vs FNILX |
See all 66 diversifiers for FHPDX
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