Looking to diversify beyond FHPEX? The mutual funds below have the lowest correlation with FHPEX — 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 FHPEX.
Best Diversifiers for FHPEX
0 mutual funds have low correlation with FHPEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.76, roughly unchanged from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.76 | 0.74 | 0.78 | 92 | Semiconductors, Technology Equities | FHPEX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 84 | Target Retirement Date | FHPEX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.81 | 0.77 | 0.77 | 83 | Target Retirement Date | FHPEX vs FRQKX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.81 | 0.78 | 0.78 | 84 | Target Retirement Date | FHPEX vs FRQHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.78 | 0.78 | 70 | Target Retirement Date | FHPEX vs FRQIX |
See all 49 diversifiers for FHPEX
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