Looking to diversify beyond FKRFX? The mutual funds below have the lowest correlation with FKRFX — 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 FKRFX.
Best Diversifiers for FKRFX
1 mutual funds have low correlation with FKRFX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.27, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.27 | 0.15 | 0.09 | 95 | Long-Short | FKRFX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.46 | 0.24 | 0.02 | 60 | Systematic Trend | FKRFX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.69 | 0.68 | 0.74 | 66 | Technology Equities | FKRFX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.75 | 0.72 | 0.76 | 70 | Large Cap Growth Equities | FKRFX vs NASDX | |
| Dimensional Retirement Income Fund | 0.81 | 0.89 | 0.88 | 77 | Target Retirement Date | FKRFX vs TDIFX |
See all 46 diversifiers for FKRFX
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