Looking to diversify beyond KMKNX? The mutual funds below have the lowest correlation with KMKNX — 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 KMKNX.
Best Diversifiers for KMKNX
4 mutual funds have low correlation with KMKNX (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 0.26, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.26 | 0.32 | 0.40 | 68 | Large Cap Growth Equities | KMKNX vs FBGRX | |
| Fidelity Series Growth Company Fund | 0.28 | 0.32 | 0.40 | 89 | Large Cap Growth Equities | KMKNX vs FCGSX | |
| Invesco Discovery Mid Cap Growth Fund Class A | 0.29 | 0.39 | 0.45 | 52 | Mid Cap Growth Equities | KMKNX vs OEGAX | |
| Tanaka Growth Fund | 0.30 | 0.35 | 0.42 | 53 | Mid Cap Growth Equities | KMKNX vs TGFRX | |
| Eventide Gilead Class I | 0.33 | 0.39 | 0.43 | 55 | Mid Cap Growth Equities | KMKNX vs ETILX |
See all 22 diversifiers for KMKNX
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