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 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.76 | 0.74 | 0.78 | 92 | Semiconductors, Technology Equities | FHVDX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 83 | Target Retirement Date | FHVDX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.78 | 0.78 | 67 | Target Retirement Date | FHVDX vs FRQAX | |
| Fidelity Managed Retirement Income Fund | 0.81 | 0.77 | 0.74 | 82 | Target Retirement Date | FHVDX vs FIRMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.78 | 0.78 | 70 | Target Retirement Date | FHVDX vs FRQIX |
See all 96 diversifiers for FHVDX
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Diversification Analysis
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