Looking to diversify beyond FKASX? The mutual funds below have the lowest correlation with FKASX — 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 FKASX.
Best Diversifiers for FKASX
13 mutual funds have low correlation with FKASX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.04, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.04 | 0.28 | 0.39 | 80 | Large Cap Value Equities | FKASX vs SVAIX | |
| Dana Epiphany ESG Small Cap Equity Fund | 0.22 | 0.57 | 0.72 | 91 | Small Cap Growth Equities | FKASX vs DSCIX | |
| WesMark Small Company Fund | 0.22 | 0.55 | 0.69 | 67 | Small Cap Growth Equities | FKASX vs WMKSX | |
| Rydex S&P SmallCap 600 Pure Growth Fund | 0.23 | 0.55 | 0.72 | 72 | Small Cap Growth Equities | FKASX vs RYWCX | |
| Saratoga Small Capitalization Portfolio | 0.23 | 0.57 | 0.71 | 59 | Small Cap Growth Equities | FKASX vs SSCPX |
See all 22 diversifiers for FKASX
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