Looking to diversify beyond FHSNX? The mutual funds below have the lowest correlation with FHSNX — 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 FHSNX.
Best Diversifiers for FHSNX
1 mutual funds have low correlation with FHSNX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.02, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.14 | 0.38 | 67 | Diversified Portfolio | FHSNX vs MHELX | |
| Concorde Wealth Management Fund | 0.41 | 0.56 | 0.59 | 55 | Diversified Portfolio | FHSNX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.46 | 0.64 | 0.64 | 86 | Diversified Portfolio | FHSNX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.47 | 0.63 | 0.63 | 82 | Diversified Portfolio | FHSNX vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.47 | 0.64 | 0.64 | 88 | Diversified Portfolio | FHSNX vs FSRKX |
See all 31 diversifiers for FHSNX
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