Looking to diversify beyond FKTFX? The mutual funds below have the lowest correlation with FKTFX — 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 FKTFX.
Best Diversifiers for FKTFX
16 mutual funds have low correlation with FKTFX (below 0.3), 2 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.07, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.07 | 0.16 | 0.20 | 96 | Municipal Bonds | FKTFX vs DCARX | |
| DFA Municipal Real Return Portfolio | -0.02 | 0.19 | 0.21 | 95 | Municipal Bonds | FKTFX vs DMREX | |
| JPMorgan Ultra-Short Municipal Fund | 0.15 | 0.31 | 0.36 | 99 | Municipal Bonds | FKTFX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.17 | 0.29 | 0.37 | 99 | Municipal Bonds | FKTFX vs DFSMX | |
| DFA NY Municipal Bond Portfolio | 0.18 | 0.31 | 0.41 | 99 | Municipal Bonds | FKTFX vs DNYMX |
See all 36 diversifiers for FKTFX
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