Looking to diversify beyond FKRVX? The mutual funds below have the lowest correlation with FKRVX — 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 FKRVX.
Best Diversifiers for FKRVX
1 mutual funds have low correlation with FKRVX (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 | FKRVX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.46 | 0.22 | -0.01 | 60 | Systematic Trend | FKRVX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.69 | 0.65 | 0.71 | 66 | Technology Equities | FKRVX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.75 | 0.69 | 0.73 | 70 | Large Cap Growth Equities | FKRVX vs NASDX | |
| Voya Target Retirement 2040 Fund | 0.82 | 0.84 | 0.86 | 81 | Target Retirement Date | FKRVX vs IRSOX |
See all 45 diversifiers for FKRVX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FKRVX
Add FKRVX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FKRVX