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Kinetics Small Cap Opportunities Fund (KSCOX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
Documentation

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 historically moved differently from KSCOX, 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 KSCOX

6 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 0.10, down from 0.40 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
QISGX
Federated Hermes MDT Small Cap Growth Fund0.100.280.40
71
Small Cap Growth EquitiesKSCOX vs QISGX
FSPTX
Fidelity Select Technology Portfolio0.240.300.36
72
Technology EquitiesKSCOX vs FSPTX
SWPPX
Schwab S&P 500 Index Fund0.270.380.44
63
Large Cap Blend Equities, S&P 500KSCOX vs SWPPX
FXAIX
Fidelity 500 Index Fund0.280.380.44
64
S&P 500KSCOX vs FXAIX
LMIYX
Lord Abbett Micro Cap Growth Fund0.290.400.45
68
Small Cap Growth EquitiesKSCOX vs LMIYX
See all 56 diversifiers for KSCOX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for KSCOX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Singapore Technologies Engineering Ltd ADR (SGGKY) (Industrials) with a 1Y correlation of 0.06, roughly unchanged from 0.06 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
SGGKY
Singapore Technologies Engineering Ltd ADR0.06-0.010.06
70
Industrials

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