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 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 | FHXEX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FHXEX vs FSELX | |
| Prudential Day One Income Fund | 0.81 | 0.81 | 0.83 | 85 | Target Retirement Date | FHXEX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.75 | 0.71 | 78 | Target Retirement Date | FHXEX vs FFGZX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.82 | 0.74 | 0.71 | 77 | Target Retirement Date | FHXEX vs FIKFX |
See all 36 diversifiers for FHXEX
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