Looking to diversify beyond FKSTX? The mutual funds below have the lowest correlation with FKSTX — 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 FKSTX.
Best Diversifiers for FKSTX
12 mutual funds have low correlation with FKSTX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of 0.20, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.33 | 0.38 | 99 | Municipal Bonds | FKSTX vs USMSX | |
| Nuveen Mid Cap Value Fund | 0.21 | 0.14 | 0.09 | 79 | Mid Cap Value Equities | FKSTX vs FASEX | |
| DFA Short Term Municipal Bond Portfolio | 0.23 | 0.27 | 0.36 | 100 | Municipal Bonds | FKSTX vs DFSMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.24 | 0.18 | 0.14 | 99 | Municipal Bonds | FKSTX vs FHMIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.24 | 0.16 | 0.14 | 68 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | FKSTX vs QQQX |
See all 25 diversifiers for FKSTX
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