Looking to diversify beyond KAUFX? The mutual funds below have historically moved differently from KAUFX, 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 KAUFX
18 mutual funds have low correlation with KAUFX (below 0.3), 3 of which are negatively correlated. The least correlated is Federated Hermes MDT Market Neutral A (QAMNX) (Long-Short) with a 1Y correlation of -0.08, down from 0.05 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Market Neutral A | -0.08 | 0.05 | — | 54 | Long-Short | KAUFX vs QAMNX | |
| Federated Hermes MDT Market Neutral Fund Instituti... | -0.06 | 0.04 | — | 54 | Equity Market Neutral | KAUFX vs QQMNX | |
| Federated Hermes Strategic Value Dividend Fund | -0.05 | 0.20 | 0.34 | 94 | Large Cap Value Equities | KAUFX vs SVAIX | |
| Federated Hermes Project and Trade Finance Tender ... | 0.01 | 0.06 | 0.04 | 93 | Bank Loan | KAUFX vs XPTFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.10 | 0.09 | 0.07 | 99 | Municipal Bonds | KAUFX vs FHMIX |
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