Looking to diversify beyond FIKBX? The mutual funds below have the lowest correlation with FIKBX — 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 FIKBX.
Best Diversifiers for FIKBX
3 mutual funds have low correlation with FIKBX (below 0.3), 0 of which are negatively correlated. The least correlated is AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of 0.21, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.21 | 0.16 | 0.10 | 60 | Systematic Trend | FIKBX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.24 | 0.36 | 0.49 | 66 | Technology Equities | FIKBX vs BGSAX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.24 | 0.12 | 0.07 | 95 | Long-Short | FIKBX vs BDMIX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.38 | 0.44 | 0.54 | 70 | Large Cap Growth Equities | FIKBX vs NASDX | |
| Fidelity Asset Manager 40% Fund | 0.50 | 0.58 | 0.64 | 79 | Diversified Portfolio | FIKBX vs FFANX |
See all 14 diversifiers for FIKBX
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