Looking to diversify beyond FHUGX? The mutual funds below have the lowest correlation with FHUGX — 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 FHUGX.
Best Diversifiers for FHUGX
16 mutual funds have low correlation with FHUGX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.05, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.05 | 0.04 | 0.06 | 96 | Semiconductors, Technology Equities | FHUGX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.14 | 0.09 | 0.10 | 73 | Large Cap Growth Equities | FHUGX vs FBGRX | |
| Fidelity Total Market Index Fund | 0.19 | 0.15 | 0.12 | 65 | Large Cap Blend Equities | FHUGX vs FSKAX | |
| Fidelity 500 Index Fund | 0.19 | 0.14 | 0.12 | 66 | S&P 500 | FHUGX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.19 | 0.15 | 0.12 | 63 | Large Cap Blend Equities | FHUGX vs FNILX |
See all 27 diversifiers for FHUGX
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