Looking to diversify beyond FHXDX? The mutual funds below have the lowest correlation with FHXDX — 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 FHXDX.
Best Diversifiers for FHXDX
0 mutual funds have low correlation with FHXDX (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 0.75, 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 | 0.75 | 0.78 | 0.75 | 83 | Target Retirement Date | FHXDX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.75 | 0.78 | 97 | Semiconductors, Technology Equities | FHXDX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.82 | 0.83 | 85 | Target Retirement Date | FHXDX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.75 | 0.71 | 78 | Target Retirement Date | FHXDX vs FFGZX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.83 | 0.74 | 0.71 | 77 | Target Retirement Date | FHXDX vs FIKFX |
See all 38 diversifiers for FHXDX
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