Looking to diversify beyond KIO? The mutual funds below have the lowest correlation with KIO — 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 KIO.
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 Rational Special Situations Income Fund (RFXIX) (Multisector Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rational Special Situations Income Fund | 0.17 | 0.17 | 0.16 | 98 | Multisector Bonds | KIO vs RFXIX | |
| Easterly Income Opportunities Fund | 0.17 | 0.11 | 0.13 | 79 | Multisector Bonds | KIO vs JSVIX | |
| Nationwide Amundi Strategic Income Fund | 0.19 | 0.17 | 0.12 | 99 | Multisector Bonds | KIO vs NWXHX | |
| Nationwide Strategic Income A | 0.20 | 0.18 | 0.12 | 99 | Multisector Bonds | KIO vs NWXEX | |
| CrossingBridge Low Duration High Yield Fund | 0.22 | 0.19 | 0.20 | 97 | Multisector Bonds | KIO vs CBLDX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KIO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KIO and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.24, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.24 | 0.26 | 0.34 | 75 | Financial Services | |
| AGNC Investment Corp. | 0.30 | 0.35 | 0.39 | 83 | Real Estate |
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