Looking to diversify beyond FKINX? The mutual funds below have historically moved differently from FKINX, 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 FKINX
37 mutual funds have low correlation with FKINX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.00, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.00 | 0.12 | 0.41 | 66 | Diversified Portfolio | FKINX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.15 | 0.25 | 0.31 | 83 | Diversified Portfolio | FKINX vs SIFAX | |
| Franklin Adjustable U.S. Government Securities Fun... | 0.19 | 0.24 | 0.22 | 97 | Ultrashort Bond | FKINX vs FISAX | |
| Western Asset Short Duration Municipal Income Fund | 0.19 | 0.27 | 0.21 | 67 | Municipal Bonds | FKINX vs SHDAX | |
| Templeton Emerging Markets Fund | 0.23 | 0.37 | 0.44 | 81 | Emerging Markets Equities | FKINX vs EMF |
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