Looking to diversify beyond FOHFX? The mutual funds below have the lowest correlation with FOHFX — 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 FOHFX.
Best Diversifiers for FOHFX
18 mutual funds have low correlation with FOHFX (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 -0.01, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.01 | 0.19 | 0.22 | 95 | Municipal Bonds | FOHFX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.01 | 0.20 | 0.22 | 94 | Municipal Bonds | FOHFX vs DMREX | |
| Fidelity Select Semiconductors Portfolio | 0.08 | 0.05 | 0.07 | 96 | Semiconductors, Technology Equities | FOHFX vs FSELX | |
| Fidelity Blue Chip Growth Fund | 0.16 | 0.09 | 0.10 | 73 | Large Cap Growth Equities | FOHFX vs FBGRX | |
| JPMorgan Ultra-Short Municipal Fund | 0.18 | 0.32 | 0.39 | 99 | Municipal Bonds | FOHFX vs USMSX |
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