Looking to diversify beyond FKTFX? The mutual funds below have historically moved differently from FKTFX, 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 FKTFX
18 mutual funds have low correlation with FKTFX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.01, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.01 | 0.15 | 0.20 | 89 | Municipal Bonds | FKTFX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.02 | 0.18 | 0.22 | 92 | Municipal Bonds | FKTFX vs DMREX | |
| DFA NY Municipal Bond Portfolio | 0.24 | 0.32 | 0.41 | 99 | Municipal Bonds | FKTFX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 0.24 | 0.30 | 0.37 | 100 | Municipal Bonds | FKTFX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 0.24 | 0.28 | 0.28 | 100 | Municipal Bonds | FKTFX vs ATOIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FKTFX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Visa Inc. (V) (Financial Services) with a 1Y correlation of 0.07, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | 0.07 | 0.07 | 0.06 | 55 | Financial Services |
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