Looking to diversify beyond FKINX? The mutual funds below have the lowest correlation with FKINX — 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 FKINX.
Best Diversifiers for FKINX
49 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 -0.02, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.02 | 0.15 | 0.42 | 67 | Diversified Portfolio | FKINX vs MHELX | |
| Western Asset Short Duration Municipal Income Fund | 0.18 | 0.27 | 0.20 | 75 | Municipal Bonds | FKINX vs SHDAX | |
| Western Asset Intermediate Maturity NY Municipals ... | 0.22 | 0.34 | 0.25 | 74 | Municipal Bonds | FKINX vs IMNYX | |
| BNY Mellon High Yield Municipal Bond Fund | 0.22 | 0.32 | 0.25 | 68 | High Yield Muni | FKINX vs DHMBX | |
| Western Asset Municipal High Income Fund | 0.22 | 0.34 | 0.26 | 67 | High Yield Muni | FKINX vs STXAX |
See all 141 diversifiers for FKINX
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