Looking to diversify beyond FKUQX? The mutual funds below have the lowest correlation with FKUQX — 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 FKUQX.
Best Diversifiers for FKUQX
0 mutual funds have low correlation with FKUQX (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 0.33, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Class A1 | 0.33 | 0.47 | 0.52 | 87 | Diversified Portfolio | FKUQX vs FKINX | |
| Franklin Income Fund Advisor Class | 0.36 | 0.48 | 0.53 | 92 | Diversified Portfolio | FKUQX vs FRIAX | |
| Duff & Phelps Utility and Infrastructure Fund Inc | 0.65 | 0.67 | 0.66 | 50 | Utilities Equities | FKUQX vs DPG |
Diversification Analysis
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