Looking to diversify beyond KCXIX? The mutual funds below have historically moved differently from KCXIX, 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 KCXIX
2 mutual funds have low correlation with KCXIX (below 0.3), 1 of which are negatively correlated. The least correlated is Knights of Columbus Long/Short Equity Fund (KCEIX) (Long-Short) with a 1Y correlation of -0.06, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | -0.06 | 0.28 | 0.22 | 95 | Long-Short | KCXIX vs KCEIX | |
| Knights of Columbus Limited Duration Fund | 0.25 | 0.12 | 0.12 | 96 | Short-Term Bond | KCXIX vs KCLIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.33 | 0.15 | 0.13 | 96 | Large Cap Blend Equities | KCXIX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.53 | 0.35 | 0.42 | 54 | Preferred Stock | KCXIX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.58 | 0.71 | 0.81 | 91 | Large Cap Blend Equities | KCXIX vs RCKSX |
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