Looking to diversify beyond FKCIX? The mutual funds below have the lowest correlation with FKCIX — 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 FKCIX.
Best Diversifiers for FKCIX
10 mutual funds have low correlation with FKCIX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.16, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.25 | 0.37 | 99 | Municipal Bonds | FKCIX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.20 | 0.31 | 0.41 | 99 | Municipal Bonds | FKCIX vs DNYMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.30 | — | 100 | Municipal Bonds | FKCIX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.22 | 0.35 | 0.40 | 99 | Municipal Bonds | FKCIX vs USMSX | |
| Franklin Income Fund Advisor Class | 0.23 | 0.33 | 0.23 | 92 | Diversified Portfolio | FKCIX vs FRIAX |
See all 18 diversifiers for FKCIX
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