Looking to diversify beyond KBIWX? The mutual funds below have the lowest correlation with KBIWX — 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 KBIWX.
Best Diversifiers for KBIWX
7 mutual funds have low correlation with KBIWX (below 0.3), 0 of which are negatively correlated. The least correlated is Recurrent MLP & Infrastructure Fund (RMLPX) (Energy Equities) with a 1Y correlation of 0.03, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Recurrent MLP & Infrastructure Fund | 0.03 | 0.29 | 0.38 | 57 | Energy Equities | KBIWX vs RMLPX | |
| Vanguard Energy Fund Admiral Shares | 0.22 | 0.40 | 0.48 | 61 | Energy Equities | KBIWX vs VGELX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.22 | 0.40 | 0.48 | 61 | Energy Equities | KBIWX vs VGENX | |
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 0.23 | 0.42 | 0.48 | 95 | Energy Equities | KBIWX vs MLOZX | |
| Cavanal Hill World Energy Fund | 0.23 | 0.37 | 0.41 | 52 | Energy Equities | KBIWX vs APWEX |
See all 16 diversifiers for KBIWX
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