Looking to diversify beyond FHVDX? The mutual funds below have the lowest correlation with FHVDX — 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 FHVDX.
Best Diversifiers for FHVDX
0 mutual funds have low correlation with FHVDX (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 | 96 | Semiconductors, Technology Equities | FHVDX vs FSELX | |
| Dimensional Retirement Income Fund | 0.76 | 0.78 | 0.75 | 77 | Target Retirement Date | FHVDX vs TDIFX | |
| Prudential Day One Income Fund | 0.83 | 0.82 | 0.83 | 79 | Target Retirement Date | FHVDX vs PDAHX | |
| MFS Lifetime 2025 Fund | 0.83 | 0.83 | 0.87 | 61 | Target Retirement Date | FHVDX vs LTTIX | |
| Voya Target In-Retirement Fund | 0.84 | 0.83 | 0.83 | 79 | Target Retirement Date | FHVDX vs ISOLX |
See all 95 diversifiers for FHVDX
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