Looking to diversify beyond FHXEX? The mutual funds below have the lowest correlation with FHXEX — 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 FHXEX.
Best Diversifiers for FHXEX
0 mutual funds have low correlation with FHXEX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.75, 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 | 0.75 | 0.74 | 0.78 | 93 | Semiconductors, Technology Equities | FHXEX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 81 | Target Retirement Date | FHXEX vs TDIFX | |
| Prudential Day One Income Fund | 0.81 | 0.81 | 0.83 | 77 | Target Retirement Date | FHXEX vs PDAHX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.82 | 0.78 | 0.78 | 81 | Target Retirement Date | FHXEX vs FRQHX | |
| Fidelity Managed Retirement Income Fund Class K6 | 0.83 | 0.77 | 0.75 | 85 | Target Retirement Date | FHXEX vs FRHMX |
See all 43 diversifiers for FHXEX
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