Looking to diversify beyond FKSAX? The mutual funds below have historically moved differently from FKSAX, 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 FKSAX
0 mutual funds have low correlation with FKSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Class A1 (FKINX) (Diversified Portfolio) with a 1Y correlation of 0.38, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Class A1 | 0.38 | 0.51 | 0.54 | 87 | Diversified Portfolio | FKSAX vs FKINX | |
| Holbrook Income Fund Class I | 0.39 | 0.31 | 0.39 | 99 | Intermediate Core-Plus Bond | FKSAX vs HOBIX | |
| Templeton Institutional Fund International Equity ... | 0.43 | 0.36 | 0.39 | 63 | Foreign Large Cap Equities | FKSAX vs TFEQX | |
| Franklin Income Fund Advisor Class | 0.45 | 0.54 | 0.54 | 93 | Diversified Portfolio | FKSAX vs FRIAX | |
| Leader Capital High Quality Income Fund Institutio... | 0.48 | 0.23 | 0.19 | 92 | Intermediate Core-Plus Bond | FKSAX vs LCTIX |
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