Looking to diversify beyond KLCIX? The mutual funds below have historically moved differently from KLCIX, 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 KLCIX
4 mutual funds have low correlation with KLCIX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund (SVAIX) (Large Cap Value Equities) with a 1Y correlation of -0.12, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | -0.12 | 0.10 | 0.30 | 95 | Large Cap Value Equities | KLCIX vs SVAIX | |
| Provident Trust Strategy Fund | 0.19 | 0.42 | 0.65 | 51 | Large Cap Growth Equities | KLCIX vs PROVX | |
| Davis New York Venture Fund Class Y | 0.24 | 0.43 | 0.61 | 91 | Large Cap Growth Equities | KLCIX vs DNVYX | |
| ICON Equity Fund | 0.30 | 0.38 | 0.59 | 79 | Large Cap Growth Equities | KLCIX vs IOLZX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.38 | 0.45 | 0.60 | 74 | Foreign Large Cap Equities | KLCIX vs VTMGX |
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