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 Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.26, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.26 | 0.15 | 0.09 | 96 | Equity Market Neutral | FKRFX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.45 | 0.24 | 0.02 | 51 | Systematic Trend | FKRFX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.72 | 0.71 | 0.75 | 59 | Large Cap Growth Equities | FKRFX vs NASDX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.80 | 0.84 | 0.86 | 78 | Target Retirement Date | FKRFX vs DRILX | |
| Dimensional Retirement Income Fund | 0.80 | 0.89 | 0.87 | 83 | Target Retirement Date | FKRFX vs TDIFX |
See all 46 diversifiers for FKRFX
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Diversification Analysis
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