Looking to diversify beyond FHTKX? The mutual funds below have historically moved differently from FHTKX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.77, roughly unchanged from 0.77 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.77 | 0.74 | 0.77 | 80 | Semiconductors, Technology Equities | FHTKX vs FSELX | |
| Fidelity Mid Cap Index Fund | 0.80 | 0.84 | 0.88 | 61 | Mid Cap Blend Equities | FHTKX vs FSMDX | |
| Dimensional Retirement Income Fund | 0.81 | 0.80 | 0.76 | 81 | Target Retirement Date | FHTKX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.82 | 0.75 | 0.68 | 53 | Target Retirement Date | FHTKX vs DRIQX | |
| Fidelity Small Cap Index Fund | 0.83 | 0.83 | 0.85 | 79 | Small Cap Blend Equities | FHTKX vs FSSNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FHTKX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.37, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.37 | 0.43 | 0.57 | 89 | Technology |
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