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 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 | 92 | Semiconductors, Technology Equities | FHYEX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.79 | 0.75 | 83 | Target Retirement Date | FHYEX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.81 | 0.78 | 0.78 | 84 | Target Retirement Date | FHYEX vs FRQHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.78 | 0.78 | 67 | Target Retirement Date | FHYEX vs FRQAX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.81 | 0.77 | 0.74 | 70 | Target Retirement Date | FHYEX vs FRIMX |
See all 41 diversifiers for FHYEX
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Diversification Analysis
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