Looking to diversify beyond FKITX? The mutual funds below have historically moved differently from FKITX, 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 FKITX
10 mutual funds have low correlation with FKITX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.00, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.00 | 0.17 | 0.23 | 88 | Municipal Bonds | FKITX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.04 | 0.19 | 0.24 | 91 | Municipal Bonds | FKITX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.21 | 0.28 | 0.38 | 100 | Municipal Bonds | FKITX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 0.23 | 0.29 | 0.29 | 100 | Municipal Bonds | FKITX vs ATOIX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.26 | 0.31 | — | 99 | Municipal Bonds | FKITX vs DFABX |
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