Looking to diversify beyond FHYEX? The mutual funds below have the lowest correlation with FHYEX — 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 FHYEX.
Best Diversifiers for FHYEX
0 mutual funds have low correlation with FHYEX (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 | 77 | Target Retirement Date | FHYEX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 96 | Semiconductors, Technology Equities | FHYEX vs FSELX | |
| Prudential Day One Income Fund | 0.82 | 0.81 | 0.83 | 79 | Target Retirement Date | FHYEX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.83 | 0.83 | 0.83 | 79 | Target Retirement Date | FHYEX vs ISOLX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.84 | 0.75 | 0.71 | 71 | Target Retirement Date | FHYEX vs FFGZX |
See all 42 diversifiers for FHYEX
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