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 Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.75, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.75 | 0.78 | 0.75 | 83 | Target Retirement Date | FHREX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FHREX vs FSELX | |
| Prudential Day One Income Fund | 0.80 | 0.82 | 0.83 | 85 | Target Retirement Date | FHREX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.75 | 0.72 | 78 | Target Retirement Date | FHREX vs FFGZX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.83 | 0.75 | 0.71 | 77 | Target Retirement Date | FHREX vs FIKFX |
See all 38 diversifiers for FHREX
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Diversification Analysis
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