Looking to diversify beyond KMKAX? The mutual funds below have the lowest correlation with KMKAX — 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 KMKAX.
Best Diversifiers for KMKAX
2 mutual funds have low correlation with KMKAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Blue Chip Growth Fund (FBGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.24, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.24 | 0.31 | 0.39 | 75 | Large Cap Growth Equities | KMKAX vs FBGRX | |
| Invesco Discovery Mid Cap Growth Fund Class A | 0.27 | 0.38 | 0.44 | 54 | Mid Cap Growth Equities | KMKAX vs OEGAX | |
| Fidelity Select Technology Portfolio | 0.31 | 0.32 | 0.39 | 94 | Technology Equities | KMKAX vs FSPTX | |
| USAA Nasdaq 100 Index Fund | 0.31 | 0.31 | 0.37 | 74 | Large Cap Growth Equities | KMKAX vs USNQX | |
| Tanaka Growth Fund | 0.32 | 0.36 | 0.42 | 54 | Mid Cap Growth Equities | KMKAX vs TGFRX |
See all 17 diversifiers for KMKAX
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