Looking to diversify beyond FMHTX? The mutual funds below have the lowest correlation with FMHTX — 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 FMHTX.
Best Diversifiers for FMHTX
20 mutual funds have low correlation with FMHTX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.18 | 0.21 | 94 | Municipal Bonds | FMHTX vs DCARX | |
| Fidelity Select Semiconductors Portfolio | 0.05 | 0.05 | 0.07 | 96 | Semiconductors, Technology Equities | FMHTX vs FSELX | |
| DFA Municipal Real Return Portfolio | 0.06 | 0.22 | 0.24 | 94 | Municipal Bonds | FMHTX vs DMREX | |
| Fidelity Blue Chip Growth Fund | 0.12 | 0.10 | 0.09 | 68 | Large Cap Growth Equities | FMHTX vs FBGRX | |
| Fidelity ZERO Total Market Index Fund | 0.15 | 0.16 | 0.12 | 65 | Large Cap Blend Equities | FMHTX vs FZROX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FMHTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FMHTX and solid risk/return profiles. The least correlated is Nuveen AMT-Free Municipal Credit Income Fund (NVG) (Financial Services) with a 1Y correlation of 0.49, roughly unchanged from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nuveen AMT-Free Municipal Credit Income Fund | 0.49 | 0.52 | 0.49 | 78 | Financial Services |
Build a portfolio that complements FMHTX
Add FMHTX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FMHTX