Looking to diversify beyond FIHFX? The mutual funds below have the lowest correlation with FIHFX — 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 FIHFX.
Best Diversifiers for FIHFX
0 mutual funds have low correlation with FIHFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.70, roughly unchanged from 0.76 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.70 | 0.71 | 0.76 | 97 | Semiconductors, Technology Equities | FIHFX vs FSELX | |
| Dimensional Retirement Income Fund | 0.79 | 0.84 | 0.80 | 83 | Target Retirement Date | FIHFX vs TDIFX | |
| Fidelity Growth Company Fund | 0.82 | 0.82 | 0.86 | 76 | Large Cap Growth Equities | FIHFX vs FDGRX | |
| Fidelity Blue Chip Growth Fund | 0.82 | 0.82 | 0.86 | 75 | Large Cap Growth Equities | FIHFX vs FBGRX | |
| Prudential Day One Income Fund | 0.86 | 0.88 | 0.88 | 85 | Target Retirement Date | FIHFX vs PDAHX |
See all 83 diversifiers for FIHFX
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