Looking to diversify beyond KIFAX? The mutual funds below have the lowest correlation with KIFAX — 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 KIFAX.
Best Diversifiers for KIFAX
0 mutual funds have low correlation with KIFAX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Convertible Fund Class F (LBFFX) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.30, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Convertible Fund Class F | 0.30 | 0.44 | 0.54 | 87 | Preferred Stock/Convertible Bonds | KIFAX vs LBFFX | |
| River Canyon Total Return Bond Fund | 0.31 | 0.33 | 0.34 | 73 | Short-Term Bond | KIFAX vs RCTIX | |
| Calamos Convertible Fund | 0.33 | 0.49 | 0.58 | 90 | Preferred Stock/Convertible Bonds | KIFAX vs CICVX | |
| Calamos Convertible Fund | 0.33 | 0.49 | 0.59 | 90 | Preferred Stock/Convertible Bonds | KIFAX vs CCVIX | |
| Nuveen Preferred Securities & Income Fund | 0.35 | 0.49 | 0.52 | 79 | Preferred Stock/Convertible Bonds | KIFAX vs NPSRX |
See all 17 diversifiers for KIFAX
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