Looking to diversify beyond KTRAX? The mutual funds below have historically moved differently from KTRAX, 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 KTRAX
3 mutual funds have low correlation with KTRAX (below 0.3), 0 of which are negatively correlated. The least correlated is Wilmington Real Asset Fund (WMRIX) (Global Allocation) with a 1Y correlation of 0.22, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Wilmington Real Asset Fund | 0.22 | 0.46 | 0.55 | 87 | Global Allocation | KTRAX vs WMRIX | |
| LoCorr Macro Strategies Fund Class I | 0.24 | 0.10 | -0.06 | 77 | Global Allocation | KTRAX vs LFMIX | |
| Hartford Real Asset Fund | 0.30 | 0.48 | 0.60 | 96 | Global Allocation | KTRAX vs HRLYX | |
| MH Elite Select Portfolio of Funds Fund | 0.32 | 0.41 | 0.65 | 70 | Global Allocation | KTRAX vs MHESX | |
| American Century Equity Income Fund | 0.36 | 0.46 | 0.62 | 84 | Dividend, Large Cap Value Equities | KTRAX vs TWEIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KTRAX, 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 abrdn Total Dynamic Dividend Fund (AOD) (Financial Services) with a 1Y correlation of 0.71, roughly unchanged from 0.78 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| abrdn Total Dynamic Dividend Fund | 0.71 | 0.72 | 0.78 | 89 | Financial Services |
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