Looking to diversify beyond FHRDX? The mutual funds below have the lowest correlation with FHRDX — 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 FHRDX.
Best Diversifiers for FHRDX
0 mutual funds have low correlation with FHRDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.56, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.56 | 0.49 | 0.50 | 96 | Semiconductors, Technology Equities | FHRDX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.64 | 0.56 | 0.57 | 73 | Large Cap Growth Equities | FHRDX vs FBGRX | |
| Fidelity ZERO Large Cap Index Fund | 0.75 | 0.65 | 0.62 | 63 | Large Cap Blend Equities | FHRDX vs FNILX | |
| Fidelity 500 Index Fund | 0.75 | 0.64 | 0.62 | 66 | S&P 500 | FHRDX vs FXAIX | |
| Voya Target Retirement 2040 Fund | 0.76 | 0.73 | 0.70 | 81 | Target Retirement Date | FHRDX vs IRSOX |
See all 72 diversifiers for FHRDX
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