Looking to diversify beyond FHZDX? The mutual funds below have the lowest correlation with FHZDX — 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 FHZDX.
Best Diversifiers for FHZDX
0 mutual funds have low correlation with FHZDX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.72, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.72 | 0.71 | 0.75 | 97 | Semiconductors, Technology Equities | FHZDX vs FSELX | |
| Dimensional Retirement Income Fund | 0.78 | 0.83 | 0.79 | 83 | Target Retirement Date | FHZDX vs TDIFX | |
| Fidelity Blue Chip Growth Fund | 0.82 | 0.80 | 0.84 | 75 | Large Cap Growth Equities | FHZDX vs FBGRX | |
| Voya Target In-Retirement Fund | 0.85 | 0.87 | 0.86 | 82 | Target Retirement Date | FHZDX vs ISOLX | |
| Prudential Day One Income Fund | 0.86 | 0.86 | 0.87 | 85 | Target Retirement Date | FHZDX vs PDAHX |
See all 40 diversifiers for FHZDX
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