Looking to diversify beyond FKEMX? The mutual funds below have historically moved differently from FKEMX, 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 FKEMX
2 mutual funds have low correlation with FKEMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.19, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.19 | 0.53 | 0.61 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | FKEMX vs GSIYX | |
| The Cook & Bynum Fund | 0.27 | 0.37 | 0.44 | 66 | Emerging Markets Equities | FKEMX vs COBYX | |
| PIMCO Income Fund Institutional Class | 0.32 | 0.24 | 0.33 | 52 | Multisector Bonds | FKEMX vs PIMIX | |
| JPMorgan Equity Income Fund R6 | 0.40 | 0.41 | 0.48 | 89 | Large Cap Value Equities, Dividend | FKEMX vs OIEJX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.43 | 0.63 | 0.69 | 92 | Emerging Markets Equities | FKEMX vs ESCIX |
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