Looking to diversify beyond FHSDX? The mutual funds below have the lowest correlation with FHSDX — 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 FHSDX.
Best Diversifiers for FHSDX
0 mutual funds have low correlation with FHSDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.72, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.72 | 0.71 | 0.75 | 97 | Semiconductors, Technology Equities | FHSDX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.83 | 0.79 | 83 | Target Retirement Date | FHSDX vs TDIFX | |
| Fidelity Blue Chip Growth Fund | 0.82 | 0.81 | 0.84 | 75 | Large Cap Growth Equities | FHSDX vs FBGRX | |
| Voya Target In-Retirement Fund | 0.85 | 0.87 | 0.86 | 82 | Target Retirement Date | FHSDX vs ISOLX | |
| Prudential Day One Income Fund | 0.86 | 0.86 | 0.87 | 85 | Target Retirement Date | FHSDX vs PDAHX |
See all 43 diversifiers for FHSDX
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