Looking to diversify beyond KAUFX? The mutual funds below have the lowest correlation with KAUFX — 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 KAUFX.
Best Diversifiers for KAUFX
21 mutual funds have low correlation with KAUFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of 0.00, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | 0.00 | 0.24 | 0.37 | 80 | Large Cap Value Equities | KAUFX vs SVAIX | |
| Federated Hermes Conservative Municipal Microshort... | 0.07 | 0.08 | 0.06 | 99 | Municipal Bonds | KAUFX vs FHMIX | |
| Federated Hermes Adjustable Rate Fund | 0.10 | 0.15 | 0.14 | 99 | Government Bonds | KAUFX vs FEUGX | |
| Federated Hermes Project and Trade Finance Tender ... | 0.11 | 0.09 | 0.05 | 84 | Bank Loan | KAUFX vs XPTFX | |
| Federated Hermes Municipal Ultra Short Fund | 0.12 | 0.14 | 0.12 | 94 | Municipal Bonds | KAUFX vs FMUSX |
See all 41 diversifiers for KAUFX
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