Looking to diversify beyond FHUEX? The mutual funds below have the lowest correlation with FHUEX — 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 FHUEX.
Best Diversifiers for FHUEX
0 mutual funds have low correlation with FHUEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.76, 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 | 0.76 | 0.74 | 0.77 | 92 | Semiconductors, Technology Equities | FHUEX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.78 | 0.75 | 83 | Target Retirement Date | FHUEX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.78 | 0.78 | 70 | Target Retirement Date | FHUEX vs FRQIX | |
| Fidelity Managed Retirement Income Fund | 0.81 | 0.77 | 0.74 | 82 | Target Retirement Date | FHUEX vs FIRMX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.81 | 0.77 | 0.77 | 83 | Target Retirement Date | FHUEX vs FRQKX |
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