Looking to diversify beyond FHZEX? The mutual funds below have the lowest correlation with FHZEX — 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 FHZEX.
Best Diversifiers for FHZEX
0 mutual funds have low correlation with FHZEX (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 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.73 | 0.77 | 97 | Semiconductors, Technology Equities | FHZEX vs FSELX | |
| Dimensional Retirement Income Fund | 0.76 | 0.80 | 0.76 | 83 | Target Retirement Date | FHZEX vs TDIFX | |
| Prudential Day One Income Fund | 0.82 | 0.83 | 0.84 | 85 | Target Retirement Date | FHZEX vs PDAHX | |
| Voya Target In-Retirement Fund | 0.83 | 0.84 | 0.84 | 82 | Target Retirement Date | FHZEX vs ISOLX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.83 | 0.77 | 0.72 | 78 | Target Retirement Date | FHZEX vs FFGZX |
See all 47 diversifiers for FHZEX
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Diversification Analysis
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