Looking to diversify beyond FKIDX? The mutual funds below have the lowest correlation with FKIDX — 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 FKIDX.
Best Diversifiers for FKIDX
0 mutual funds have low correlation with FKIDX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO RAE PLUS International Fund (PTSIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.55, roughly unchanged from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO RAE PLUS International Fund | 0.55 | 0.58 | 0.61 | 75 | Foreign Large Cap Equities | FKIDX vs PTSIX | |
| Kopernik International Fund | 0.57 | 0.46 | 0.57 | 54 | Foreign Large Cap Equities | FKIDX vs KGIIX | |
| SA International Value Fund | 0.61 | 0.63 | 0.69 | 88 | Foreign Large Cap Equities | FKIDX vs SAHMX | |
| EuroPac International Dividend Income Fund Class A | 0.62 | 0.63 | 0.66 | 74 | Foreign Large Cap Equities, Dividend | FKIDX vs EPDPX | |
| EuroPac International Dividend Income Fund | 0.62 | 0.63 | 0.67 | 75 | Foreign Large Cap Equities | FKIDX vs EPDIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FKIDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FKIDX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.35, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.35 | 0.38 | 0.50 | 88 | Technology |
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