Looking to diversify beyond FHPFX? The mutual funds below have the lowest correlation with FHPFX — 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 FHPFX.
Best Diversifiers for FHPFX
7 mutual funds have low correlation with FHPFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.09, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.09 | 0.07 | 0.09 | 96 | Semiconductors, Technology Equities | FHPFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.16 | 0.13 | 0.14 | 68 | Large Cap Growth Equities | FHPFX vs FBGRX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.19 | -0.23 | -0.29 | 99 | Total Bond Market | FHPFX vs JSOSX | |
| Fidelity 500 Index Fund | 0.25 | 0.20 | 0.18 | 65 | S&P 500 | FHPFX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.28 | 0.22 | 0.19 | 62 | Large Cap Blend Equities | FHPFX vs FNILX |
See all 25 diversifiers for FHPFX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FHPFX
Add FHPFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FHPFX