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 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 | 0.75 | 0.78 | 93 | Semiconductors, Technology Equities | FHWEX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 81 | Target Retirement Date | FHWEX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.78 | 0.78 | 64 | Target Retirement Date | FHWEX vs FRQAX | |
| Fidelity Managed Retirement 2010 Fund | 0.82 | 0.78 | 0.78 | 80 | Target Retirement Date | FHWEX vs FIRQX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 77 | Target Retirement Date | FHWEX vs PDAHX |
See all 44 diversifiers for FHWEX
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