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Fidelity Freedom 2040 Fund Class K6 (FHTKX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund invests in a combination of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds. The adviser allocates its assets according to a neutral asset allocation strategy shown in the glide path below that adjusts over time until it reaches an allocation similar to that of the Fidelity Freedom Income Fund, approximately 10 to 19 years after the year 2040.

Looking to diversify beyond FHTKX? The mutual funds below have the lowest correlation with FHTKX — 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 FHTKX.

Best Diversifiers for FHTKX

0 mutual funds have low correlation with FHTKX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.74, roughly unchanged from 0.76 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FSELX
Fidelity Select Semiconductors Portfolio0.740.730.76
97
Semiconductors, Technology EquitiesFHTKX vs FSELX
TDIFX
Dimensional Retirement Income Fund0.760.790.75
85
Target Retirement DateFHTKX vs TDIFX
FSSNX
Fidelity Small Cap Index Fund0.820.820.85
62
Small Cap Blend EquitiesFHTKX vs FSSNX
PDAHX
Prudential Day One Income Fund0.820.830.83
86
Target Retirement DateFHTKX vs PDAHX
ISOLX
Voya Target In-Retirement Fund0.830.830.83
84
Target Retirement DateFHTKX vs ISOLX
See all 86 diversifiers for FHTKX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from FHTKX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FHTKX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.42, down from 0.57 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.420.450.57
90
Technology

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Diversification Analysis

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