Looking to diversify beyond FIKLX? The mutual funds below have historically moved differently from FIKLX, 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 FIKLX
3 mutual funds have low correlation with FIKLX (below 0.3), 2 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.22 | — | — | 99 | REIT | FIKLX vs QREARX | |
| Redwood Real Estate Income Fund | -0.03 | -0.04 | -0.04 | 100 | REIT | FIKLX vs CREMX | |
| Fidelity Select Semiconductors Portfolio | 0.24 | 0.30 | 0.41 | 82 | Semiconductors, Technology Equities | FIKLX vs FSELX | |
| JHancock Real Estate Securities Fund | 0.35 | 0.46 | 0.52 | 67 | REIT | FIKLX vs JIREX | |
| Cromwell CenterSquare Real Estate Fund | 0.36 | 0.46 | 0.52 | 52 | REIT | FIKLX vs MRESX |
See all 28 diversifiers for FIKLX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FIKLX
Add FIKLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FIKLX