Looking to diversify beyond KBIWX? The mutual funds below have historically moved differently from KBIWX, 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 KBIWX
13 mutual funds have low correlation with KBIWX (below 0.3), 4 of which are negatively correlated. The least correlated is Guinness Atkinson Global Energy Fund (GAGEX) (Energy Equities) with a 1Y correlation of -0.05, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Guinness Atkinson Global Energy Fund | -0.05 | 0.20 | 0.29 | 84 | Energy Equities | KBIWX vs GAGEX | |
| Vanguard Energy Index Fund Admiral Shares | -0.04 | 0.19 | 0.28 | 72 | Energy Equities | KBIWX vs VENAX | |
| Fidelity Select Energy Portfolio | -0.03 | 0.21 | 0.29 | 87 | Energy Equities | KBIWX vs FSENX | |
| Recurrent MLP & Infrastructure Fund | -0.03 | 0.25 | 0.35 | 92 | Infrastructure Equities, Energy Equities | KBIWX vs RMLPX | |
| NXG Cushing® Midstream Energy Fund | 0.00 | 0.15 | 0.26 | 58 | Energy Equities | KBIWX vs SRV |
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