Looking to diversify beyond FHWEX? The mutual funds below have the lowest correlation with FHWEX — 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 FHWEX.
Best Diversifiers for FHWEX
0 mutual funds have low correlation with FHWEX (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.74, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.74 | 0.78 | 0.75 | 83 | Target Retirement Date | FHWEX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.74 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FHWEX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 85 | Target Retirement Date | FHWEX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.75 | 0.71 | 78 | Target Retirement Date | FHWEX vs FFGZX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.83 | 0.75 | 0.71 | 77 | Target Retirement Date | FHWEX vs FIKFX |
See all 39 diversifiers for FHWEX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FHWEX
Add FHWEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FHWEX