Looking to diversify beyond FHQFX? The mutual funds below have historically moved differently from FHQFX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FHQFX
35 mutual funds have low correlation with FHQFX (below 0.3), 9 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | -0.07 | -0.01 | 0.01 | 100 | Ultrashort Bond | FHQFX vs ENIAX | |
| Fidelity Series Real Estate Income Fund | -0.06 | 0.05 | 0.08 | 87 | REIT | FHQFX vs FSREX | |
| Fidelity Real Estate Income Fund | -0.04 | 0.08 | 0.09 | 78 | REIT | FHQFX vs FRIFX | |
| CrossingBridge Ultra-Short Duration Fund | -0.04 | 0.02 | 0.02 | 99 | Ultrashort Bond | FHQFX vs CBUDX | |
| Fidelity Select Semiconductors Portfolio | -0.03 | -0.02 | 0.01 | 80 | Semiconductors, Technology Equities | FHQFX vs FSELX |
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