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 Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.74, 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 | FHTEX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FHTEX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 85 | Target Retirement Date | FHTEX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.75 | 0.71 | 78 | Target Retirement Date | FHTEX vs FFGZX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.82 | 0.75 | 0.71 | 77 | Target Retirement Date | FHTEX vs FIKFX |
See all 73 diversifiers for FHTEX
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