Looking to diversify beyond KTRAX? The mutual funds below have the lowest correlation with KTRAX — 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 KTRAX.
Best Diversifiers for KTRAX
2 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 0.26, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Wilmington Real Asset Fund | 0.26 | 0.47 | 0.56 | 80 | Global Allocation | KTRAX vs WMRIX | |
| LoCorr Macro Strategies Fund Class I | 0.29 | 0.09 | -0.06 | 85 | Global Allocation | KTRAX vs LFMIX | |
| Hartford Real Asset Fund | 0.33 | 0.49 | 0.61 | 93 | Global Allocation | KTRAX vs HRLYX | |
| MH Elite Select Portfolio of Funds Fund | 0.37 | 0.43 | 0.66 | 56 | Global Allocation | KTRAX vs MHESX | |
| DWS RREEF Real Assets Fund | 0.40 | 0.56 | 0.67 | 61 | Global Allocation | KTRAX vs AAAZX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from KTRAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KTRAX and solid risk/return profiles. The least correlated is Abrdn Total Dynamic Dividend Fund (AOD) (Financial Services) with a 1Y correlation of 0.72, roughly unchanged from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Abrdn Total Dynamic Dividend Fund | 0.72 | 0.72 | 0.78 | 88 | Financial Services |
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