Looking to diversify beyond FKITX? The mutual funds below have the lowest correlation with FKITX — 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 FKITX.
Best Diversifiers for FKITX
12 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 -0.04, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.19 | 0.22 | 96 | Municipal Bonds | FKITX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.05 | 0.21 | 0.23 | 95 | Municipal Bonds | FKITX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.28 | 0.38 | 99 | Municipal Bonds | FKITX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.19 | 0.33 | 0.43 | 99 | Municipal Bonds | FKITX vs DNYMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.30 | 0.43 | 100 | Municipal Bonds | FKITX vs DFABX |
See all 20 diversifiers for FKITX
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