Looking to diversify beyond FOKFX? The mutual funds below have the lowest correlation with FOKFX — 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 FOKFX.
Best Diversifiers for FOKFX
0 mutual funds have low correlation with FOKFX (below 0.3), 0 of which are negatively correlated. The least correlated is Emerald Insights Fund (EFCNX) (Large Cap Growth Equities) with a 1Y correlation of 0.34, down from 0.84 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Emerald Insights Fund | 0.34 | 0.76 | 0.84 | 99 | Large Cap Growth Equities | FOKFX vs EFCNX | |
| ICON Equity Fund | 0.58 | 0.54 | 0.67 | 76 | Large Cap Growth Equities | FOKFX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.59 | 0.68 | 0.75 | 82 | Large Cap Growth Equities | FOKFX vs DNVYX | |
| Vanguard Pacific Stock Index Fund Admiral Shares | 0.61 | 0.59 | 0.61 | 82 | Asia Pacific Equities | FOKFX vs VPADX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.64 | 0.62 | 0.68 | 52 | Large Cap Growth Equities, Foreign Large Cap Equities | FOKFX vs VTMGX |
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