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Kinetics Small Cap Opportunities Fund (KSCOX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund is a non-diversified fund that invests all of its investable assets in the Small Cap Portfolio, a series of Kinetics Portfolios Trust. The Small Cap Portfolio invests at least 80% of its net assets plus any borrowings for investment purposes in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks (such as American Depositary Receipts, Global Depositary Receipts and International Depositary Receipts) of U.S. and foreign small capitalization companies that provide attractive valuation opportunities. The fund is non-diversified.

Looking to diversify beyond KSCOX? The mutual funds below have the lowest correlation with KSCOX — 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 KSCOX.

Best Diversifiers for KSCOX

7 mutual funds have low correlation with KSCOX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.08, down from 0.41 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
QISGX
Federated Hermes MDT Small Cap Growth Fund0.080.290.41
72
Small Cap Growth EquitiesKSCOX vs QISGX
FBGRX
Fidelity Blue Chip Growth Fund0.190.280.34
73
Large Cap Growth EquitiesKSCOX vs FBGRX
FSPTX
Fidelity Select Technology Portfolio0.240.310.36
89
Technology EquitiesKSCOX vs FSPTX
VGIAX
Vanguard Growth and Income Fund Admiral Shares0.280.380.45
59
Large Cap Blend EquitiesKSCOX vs VGIAX
SWPPX
Schwab S&P 500 Index Fund0.280.380.45
66
Large Cap Blend Equities, S&P 500KSCOX vs SWPPX
See all 67 diversifiers for KSCOX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from KSCOX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KSCOX and solid risk/return profiles. The least correlated is Singapore Technologies Engineering Ltd ADR (SGGKY) (Industrials) with a 1Y correlation of 0.02, roughly unchanged from 0.05 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
SGGKY
Singapore Technologies Engineering Ltd ADR0.020.010.05
71
Industrials

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Diversification Analysis

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