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 Nuveen Equity Long/Short Fund (NELIX) (Long-Short) with a 1Y correlation of 0.19, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Long/Short Fund | 0.19 | 0.11 | 0.08 | 58 | Long-Short | FKSTX vs NELIX | |
| Nuveen Mid Cap Value Fund | 0.19 | 0.13 | 0.08 | 81 | Mid Cap Value Equities | FKSTX vs FASEX | |
| JPMorgan Ultra-Short Municipal Fund | 0.20 | 0.33 | 0.38 | 99 | Municipal Bonds | FKSTX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.22 | 0.26 | 0.36 | 99 | Municipal Bonds | FKSTX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.23 | 0.29 | — | 100 | Municipal Bonds | FKSTX vs DFABX |
See all 24 diversifiers for FKSTX
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