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
11 mutual funds have low correlation with KBIWX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.02, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.02 | 0.22 | 0.30 | 63 | Energy Equities | KBIWX vs FSENX | |
| Guinness Atkinson Global Energy Fund | -0.01 | 0.23 | 0.31 | 57 | Energy Equities | KBIWX vs GAGEX | |
| Recurrent MLP & Infrastructure Fund | 0.03 | 0.28 | 0.37 | 85 | Energy Equities | KBIWX vs RMLPX | |
| Rydex Energy Fund | 0.07 | 0.29 | 0.37 | 53 | Energy Equities | KBIWX vs RYEIX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.19 | 0.38 | 0.47 | 78 | Energy Equities | KBIWX vs VGENX |
See all 20 diversifiers for KBIWX
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