Looking to diversify beyond FHTEX? The mutual funds below have the lowest correlation with FHTEX — 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 FHTEX.
Best Diversifiers for FHTEX
0 mutual funds have low correlation with FHTEX (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 | 0.75 | 0.77 | 96 | Semiconductors, Technology Equities | FHTEX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.75 | 70 | Target Retirement Date | FHTEX vs TDIFX | |
| MFS Lifetime 2025 Fund | 0.82 | 0.83 | 0.87 | 61 | Target Retirement Date | FHTEX vs LTTIX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 78 | Target Retirement Date | FHTEX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.84 | 0.83 | 0.83 | 78 | Target Retirement Date | FHTEX vs ISOLX |
See all 76 diversifiers for FHTEX
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