Looking to diversify beyond FKUSX? The mutual funds below have historically moved differently from FKUSX, 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 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 0.02, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO U.S. Treasury Fund | 0.02 | 0.04 | 0.04 | 99 | Government Bonds | FKUSX vs GUSTX | |
| Federated Hermes Adjustable Rate Fund | 0.18 | 0.47 | 0.46 | 99 | Government Bonds | FKUSX vs FEUGX | |
| DFA Short-Term Government Portfolio | 0.35 | 0.10 | 0.30 | 99 | Government Bonds | FKUSX vs DFFGX | |
| Davis Government Bond Fund | 0.35 | 0.45 | 0.55 | 88 | Government Bonds | FKUSX vs RFBAX | |
| Franklin Income Fund Class A1 | 0.35 | 0.48 | 0.43 | 87 | Diversified Portfolio | FKUSX vs FKINX |
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