Looking to diversify beyond KIO? The mutual funds below have historically moved differently from KIO, 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 KIO
8 mutual funds have low correlation with KIO (below 0.3), 0 of which are negatively correlated. The least correlated is Easterly Income Opportunities Fund (JSVIX) (Multisector Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Easterly Income Opportunities Fund | 0.15 | 0.10 | 0.13 | 82 | Multisector Bonds | KIO vs JSVIX | |
| Rational Special Situations Income Fund | 0.19 | 0.17 | 0.16 | 98 | Multisector Bonds | KIO vs RFXIX | |
| Abrdn Healthcare Opportunities Fund | 0.21 | 0.28 | 0.36 | 59 | Health & Biotech Equities | KIO vs THQ | |
| Nationwide Amundi Strategic Income Fund | 0.22 | 0.18 | 0.12 | 99 | Multisector Bonds | KIO vs NWXHX | |
| Nationwide Strategic Income A | 0.23 | 0.19 | 0.12 | 99 | Multisector Bonds | KIO vs NWXEX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KIO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.25, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.25 | 0.26 | 0.33 | 55 | Financial Services | |
| AGNC Investment Corp. | 0.34 | 0.35 | 0.39 | 79 | Real Estate |
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