Looking to diversify beyond FIQHX? The mutual funds below have the lowest correlation with FIQHX — 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 FIQHX.
Best Diversifiers for FIQHX
0 mutual funds have low correlation with FIQHX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Semiconductors Portfolio (FSELX) (Semiconductors) with a 1Y correlation of 0.61, roughly unchanged from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | 0.61 | 0.54 | 0.57 | 94 | Semiconductors, Technology Equities | FIQHX vs FSELX | |
| DoubleLine Shiller Enhanced International CAPE | 0.65 | 0.73 | 0.79 | 64 | Europe Equities | FIQHX vs DSEUX | |
| Fidelity Blue Chip Growth Fund | 0.69 | 0.60 | 0.64 | 54 | Large Cap Growth Equities | FIQHX vs FBGRX | |
| Fidelity 500 Index Fund | 0.78 | 0.68 | 0.70 | 52 | S&P 500 | FIQHX vs FXAIX | |
| Fidelity Total Market Index Fund | 0.78 | 0.69 | 0.71 | 52 | Large Cap Blend Equities | FIQHX vs FSKAX |
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