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 LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.23, up from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.23 | 0.07 | -0.06 | 88 | Global Allocation | KTRAX vs LFMIX | |
| Wilmington Real Asset Fund | 0.26 | 0.49 | 0.57 | 84 | Global Allocation | KTRAX vs WMRIX | |
| Hartford Real Asset Fund | 0.35 | 0.52 | 0.63 | 97 | Global Allocation | KTRAX vs HRLYX | |
| Principal Diversified Select Real Asset Fund | 0.45 | 0.60 | 0.71 | 92 | Global Allocation | KTRAX vs PDSYX | |
| Allspring Absolute Return Fund | 0.48 | 0.63 | 0.60 | 94 | Global Allocation | KTRAX vs WARAX |
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