Looking to diversify beyond KMKAX? The mutual funds below have historically moved differently from KMKAX, 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 KMKAX
0 mutual funds have low correlation with KMKAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Technology Portfolio (FSPTX) (Technology Equities) with a 1Y correlation of 0.32, roughly unchanged from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Technology Portfolio | 0.32 | 0.33 | 0.39 | 65 | Technology Equities | KMKAX vs FSPTX | |
| PRIMECAP Odyssey Aggressive Growth Fund | 0.34 | 0.41 | 0.46 | 75 | Mid Cap Growth Equities | KMKAX vs POAGX | |
| Fidelity Select Semiconductors Portfolio | 0.36 | 0.35 | 0.39 | 80 | Semiconductors, Technology Equities | KMKAX vs FSELX | |
| Vanguard Capital Opportunity Fund Investor Shares | 0.38 | 0.40 | 0.46 | 84 | Mid Cap Growth Equities | KMKAX vs VHCOX | |
| Timothy Plan Aggressive Growth Fund | 0.38 | 0.42 | 0.48 | 63 | Mid Cap Growth Equities | KMKAX vs TAAGX |
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