Looking to diversify beyond FOHFX? The mutual funds below have historically moved differently from FOHFX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FOHFX
15 mutual funds have low correlation with FOHFX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.00, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.00 | 0.19 | 0.23 | 94 | Municipal Bonds | FOHFX vs DMREX | |
| DFA California Municipal Real Return Portfolio | 0.00 | 0.18 | 0.22 | 91 | Municipal Bonds | FOHFX vs DCARX | |
| Fidelity Select Semiconductors Portfolio | 0.10 | 0.04 | 0.07 | 80 | Semiconductors, Technology Equities | FOHFX vs FSELX | |
| Fidelity 500 Index Fund | 0.21 | 0.14 | 0.13 | 64 | S&P 500 | FOHFX vs FXAIX | |
| Fidelity ZERO Large Cap Index Fund | 0.21 | 0.14 | 0.14 | 59 | Large Cap Blend Equities | FOHFX vs FNILX |
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