Looking to diversify beyond KYN? The mutual funds below have historically moved differently from KYN, 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 KYN
7 mutual funds have low correlation with KYN (below 0.3), 1 of which are negatively correlated. The least correlated is Adams Diversified Equity Fund, Inc. (ADX) (Large Cap Blend Equities) with a 1Y correlation of -0.02, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Adams Diversified Equity Fund, Inc. | -0.02 | 0.25 | 0.38 | 88 | Large Cap Blend Equities | KYN vs ADX | |
| Delaware Ivy Energy Fund | 0.17 | 0.39 | 0.60 | 92 | Energy Equities | KYN vs IEYYX | |
| Duff & Phelps Utility and Infrastructure Fund Inc | 0.23 | 0.39 | 0.48 | 83 | Infrastructure Equities, Utilities Equities | KYN vs DPG | |
| abrdn Global Infrastructure Fund | 0.28 | 0.40 | 0.51 | 80 | Infrastructure Equities, Energy Equities | KYN vs AIFRX | |
| Delaware Ivy Natural Resources Fund | 0.28 | 0.45 | 0.62 | 87 | Energy Equities | KYN vs IGNAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for KYN, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.05, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.05 | 0.14 | 0.24 | 61 | Technology | |
| Dynex Capital, Inc. | -0.01 | 0.20 | 0.32 | 73 | Real Estate | |
| Johnson & Johnson | 0.16 | 0.12 | 0.12 | 96 | Healthcare | |
| Cohen & Steers Infrastructure Fund, Inc | 0.29 | 0.41 | 0.46 | 72 | Financial Services | |
| Kimbell Royalty Partners, LP | 0.40 | 0.45 | 0.50 | 57 | Energy |
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