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Federated Hermes Kaufmann Small Cap Fund (FKASX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund invests primarily in the common stocks of small companies that are traded on national security exchanges, the NASDAQ stock market and on the over-the-counter market. It will normally invest at least 80% of its net assets (which include the amount of any borrowing for investment purposes) in small companies and will notify shareholders at least 60 days in advance of any change in its investment policies that would permit the fund to normally invest less than 80% of its net assets in investments in small companies.

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

12 mutual funds have low correlation with FKASX (below 0.3), 0 of which are negatively correlated. The least correlated is WesMark Small Company Fund (WMKSX) (Small Cap Growth Equities) with a 1Y correlation of 0.15, down from 0.69 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
WMKSX
WesMark Small Company Fund0.150.540.69
52
Small Cap Growth EquitiesFKASX vs WMKSX
DSCIX
Dana Epiphany ESG Small Cap Equity Fund0.160.570.72
85
Small Cap Growth EquitiesFKASX vs DSCIX
OBMCX
Oberweis Micro Cap Fund0.190.560.70
88
Small Cap Growth EquitiesFKASX vs OBMCX
CTSIX
Calamos Timpani Small Cap Growth Fund0.220.550.72
72
Small Cap Growth EquitiesFKASX vs CTSIX
NESGX
Needham Small Cap Growth Fund0.230.540.69
94
Small Cap Growth EquitiesFKASX vs NESGX
See all 17 diversifiers for FKASX

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