Looking to diversify beyond FKSAX? The mutual funds below have the lowest correlation with FKSAX — 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 FKSAX.
Best Diversifiers for FKSAX
0 mutual funds have low correlation with FKSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Capital High Quality Floating Rate Fund Investor Shares (LCTRX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.35, up from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Capital High Quality Floating Rate Fund Inv... | 0.35 | 0.20 | 0.20 | 91 | Intermediate Core-Plus Bond | FKSAX vs LCTRX | |
| Franklin Income Fund Class A1 | 0.37 | 0.51 | 0.54 | 87 | Diversified Portfolio | FKSAX vs FKINX | |
| Holbrook Income Fund Class I | 0.37 | 0.32 | 0.38 | 98 | Intermediate Core-Plus Bond | FKSAX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 0.38 | 0.19 | 0.18 | 93 | Intermediate Core-Plus Bond | FKSAX vs LCTIX | |
| Franklin Income Fund Advisor Class | 0.43 | 0.55 | 0.54 | 92 | Diversified Portfolio | FKSAX vs FRIAX |
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