Looking to diversify beyond KGIIX? The mutual funds below have historically moved differently from KGIIX, 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 KGIIX
0 mutual funds have low correlation with KGIIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.34, down from 0.51 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.34 | 0.37 | 0.51 | 88 | Foreign Large Cap Equities | KGIIX vs IVFIX | |
| Delaware Emerging Markets Fund | 0.35 | 0.38 | 0.50 | 91 | Emerging Markets Equities | KGIIX vs DEMIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.35 | 0.36 | 0.53 | 61 | Foreign Large Cap Equities | KGIIX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.36 | 0.36 | 0.53 | 61 | Foreign Large Cap Equities | KGIIX vs GSIMX | |
| Fidelity Select Semiconductors Portfolio | 0.41 | 0.23 | 0.35 | 80 | Semiconductors, Technology Equities | KGIIX vs FSELX |
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