Looking to diversify beyond FHREX? The mutual funds below have the lowest correlation with FHREX — 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 FHREX.
Best Diversifiers for FHREX
0 mutual funds have low correlation with FHREX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, roughly unchanged from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 96 | Semiconductors, Technology Equities | FHREX vs FSELX | |
| Dimensional Retirement Income Fund | 0.75 | 0.78 | 0.75 | 70 | Target Retirement Date | FHREX vs TDIFX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 78 | Target Retirement Date | FHREX vs PDAHX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 61 | Target Retirement Date | FHREX vs LTTIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.84 | 0.78 | 0.75 | 65 | Target Retirement Date | FHREX vs FRIMX |
See all 42 diversifiers for FHREX
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Diversification Analysis
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