Looking to diversify beyond KLCIX? The mutual funds below have the lowest correlation with KLCIX — 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 KLCIX.
Best Diversifiers for KLCIX
5 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 -0.05, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund | -0.05 | 0.14 | 0.33 | 82 | Large Cap Value Equities | KLCIX vs SVAIX | |
| ICON Equity Fund | 0.18 | 0.35 | 0.58 | 81 | Large Cap Growth Equities | KLCIX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.19 | 0.43 | 0.61 | 78 | Large Cap Growth Equities | KLCIX vs DNVYX | |
| Vanguard PRIMECAP Fund Investor Shares | 0.28 | 0.54 | 0.72 | 92 | Large Cap Growth Equities | KLCIX vs VPMCX | |
| Chase Growth Fund | 0.29 | 0.55 | 0.70 | 86 | Large Cap Growth Equities | KLCIX vs CHASX |
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