Looking to diversify beyond KCXIX? The mutual funds below have the lowest correlation with KCXIX — 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 KCXIX.
Best Diversifiers for KCXIX
3 mutual funds have low correlation with KCXIX (below 0.3), 0 of which are negatively correlated. The least correlated is Knights of Columbus Long/Short Equity Fund (KCEIX) (Long-Short) with a 1Y correlation of 0.11, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | 0.11 | 0.35 | 0.26 | 60 | Long-Short | KCXIX vs KCEIX | |
| Knights of Columbus Limited Duration Fund | 0.16 | 0.11 | 0.11 | 94 | Short-Term Bond | KCXIX vs KCLIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.25 | 0.13 | 0.12 | 73 | Large Cap Blend Equities | KCXIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.48 | 0.34 | 0.43 | 72 | Large Cap Blend Equities | KCXIX vs ORDNX | |
| First Eagle Overseas Fund Class I | 0.61 | 0.61 | 0.66 | 57 | Large Cap Blend Equities, Foreign Large Cap Equities | KCXIX vs SGOIX |
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