Looking to diversify beyond FHQFX? The mutual funds below have the lowest correlation with FHQFX — 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 FHQFX.
Best Diversifiers for FHQFX
34 mutual funds have low correlation with FHQFX (below 0.3), 11 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of -0.07, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | -0.07 | -0.01 | 0.02 | 99 | Ultrashort Bond | FHQFX vs ENIAX | |
| Six Circles Ultra Short Duration Fund | -0.06 | -0.00 | 0.11 | 99 | Ultrashort Bond | FHQFX vs CUSDX | |
| Fidelity Select Semiconductors Portfolio | -0.05 | -0.02 | 0.00 | 96 | Semiconductors, Technology Equities | FHQFX vs FSELX | |
| CrossingBridge Ultra-Short Duration Fund | -0.04 | 0.03 | — | 99 | Ultrashort Bond | FHQFX vs CBUDX | |
| Fidelity Blue Chip Growth Fund | -0.01 | -0.01 | 0.01 | 73 | Large Cap Growth Equities | FHQFX vs FBGRX |
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