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
9 mutual funds have low correlation with KIO (below 0.3), 0 of which are negatively correlated. The least correlated is CrossingBridge Responsible Credit Fund (CBRDX) (Multisector Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CrossingBridge Responsible Credit Fund | 0.08 | 0.16 | — | 58 | Multisector Bonds | KIO vs CBRDX | |
| Easterly Income Opportunities Fund | 0.16 | 0.11 | 0.13 | 80 | Multisector Bonds | KIO vs JSVIX | |
| Nationwide Amundi Strategic Income Fund | 0.17 | 0.18 | 0.12 | 99 | Multisector Bonds | KIO vs NWXHX | |
| Nationwide Strategic Income A | 0.18 | 0.18 | 0.12 | 99 | Multisector Bonds | KIO vs NWXEX | |
| Potomac Managed Volatility Fund | 0.18 | 0.30 | 0.21 | 55 | Multisector Bonds | KIO vs CRMVX |
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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 0.23, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.23 | 0.26 | 0.33 | 81 | Financial Services | |
| AGNC Investment Corp. | 0.30 | 0.34 | 0.39 | 76 | Real Estate |
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