Looking to diversify beyond FKRVX? The mutual funds below have historically moved differently from FKRVX, 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 FKRVX
1 mutual funds have low correlation with FKRVX (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 0.28, up from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.28 | 0.14 | 0.09 | 97 | Equity Market Neutral | FKRVX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.43 | 0.23 | -0.02 | 66 | Systematic Trend | FKRVX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.57 | 0.58 | 0.62 | 64 | Derivative Income | FKRVX vs BDJ | |
| Mutual of America 2045 Retirement Fund | 0.75 | 0.77 | 0.72 | 72 | Target Retirement Date | FKRVX vs MURMX | |
| Mutual of America 2040 Retirement Fund | 0.75 | 0.79 | 0.73 | 71 | Target Retirement Date | FKRVX vs MURLX |
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