Looking to diversify beyond KNGLX? The mutual funds below have the lowest correlation with KNGLX — 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 KNGLX.
Best Diversifiers for KNGLX
2 mutual funds have low correlation with KNGLX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) (Derivative Income) with a 1Y correlation of 0.20, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.20 | 0.32 | 0.46 | 62 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | KNGLX vs QQQX | |
| BlackRock Enhanced Large Cap Core Fund | 0.21 | 0.39 | 0.55 | 80 | Derivative Income | KNGLX vs CII | |
| Virtus Equity & Convertible Income Fund | 0.30 | 0.42 | 0.56 | 74 | Derivative Income | KNGLX vs NIE | |
| WisdomTree Equity Premium Income Fund | 0.37 | 0.48 | 0.58 | 57 | Derivative Income, S&P 500 | KNGLX vs PUTW | |
| Cboe Vest US Large Cap 10% Buffer Fund | 0.38 | 0.53 | 0.67 | 70 | Options Trading | KNGLX vs BUIGX |
See all 39 diversifiers for KNGLX
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