Looking to diversify beyond FKUSX? The mutual funds below have the lowest correlation with FKUSX — 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 FKUSX.
Best Diversifiers for FKUSX
2 mutual funds have low correlation with FKUSX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO U.S. Treasury Fund (GUSTX) (Government Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.07 | 0.04 | 0.04 | 99 | Government Bonds | FKUSX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.20 | 0.47 | 0.46 | 99 | Government Bonds | FKUSX vs FEUGX | |
| DFA Short-Term Government Portfolio | 0.30 | 0.09 | 0.29 | 59 | Government Bonds | FKUSX vs DFFGX | |
| Franklin Income Fund Class A1 | 0.36 | 0.49 | 0.42 | 84 | Diversified Portfolio | FKUSX vs FKINX | |
| Davis Government Bond Fund | 0.37 | 0.46 | 0.55 | 76 | Government Bonds | FKUSX vs RFBAX |
See all 11 diversifiers for FKUSX
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