Looking to diversify beyond FKUTX? The mutual funds below have historically moved differently from FKUTX, 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 FKUTX
49 mutual funds have low correlation with FKUTX (below 0.3), 0 of which are negatively correlated. The least correlated is Templeton Emerging Markets Fund (EMF) (Emerging Markets Equities) with a 1Y correlation of 0.01, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Templeton Emerging Markets Fund | 0.01 | 0.16 | 0.17 | 81 | Emerging Markets Equities | FKUTX vs EMF | |
| Franklin Adjustable U.S. Government Securities Fun... | 0.03 | 0.13 | 0.12 | 97 | Ultrashort Bond | FKUTX vs FISAX | |
| Franklin Templeton SMACS: Series EM | 0.06 | 0.16 | — | 87 | Emerging Markets Equities | FKUTX vs FQEMX | |
| Franklin Federal Limited-Term Tax-Free Income Fund | 0.08 | 0.20 | 0.15 | 80 | Municipal Bonds | FKUTX vs FFTFX | |
| Columbia Seligman Technology and Information Fund ... | 0.09 | 0.13 | 0.22 | 93 | Technology Equities | FKUTX vs SLMCX |
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