Looking to diversify beyond VKLMX? The mutual funds below have historically moved differently from VKLMX, 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 VKLMX
13 mutual funds have low correlation with VKLMX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Small Cap Value Fund (VSCAX) (Small Cap Value Equities) with a 1Y correlation of 0.18, up from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Small Cap Value Fund | 0.18 | 0.12 | 0.07 | 76 | Small Cap Value Equities | VKLMX vs VSCAX | |
| abrdn Ultra Short Municipal Income Fund | 0.19 | 0.27 | 0.27 | 100 | Municipal Bonds | VKLMX vs ATOIX | |
| Invesco Value Opportunities Fund | 0.19 | 0.13 | 0.07 | 74 | Mid Cap Value Equities | VKLMX vs VVOAX | |
| DFA Short Term Municipal Bond Portfolio | 0.19 | 0.28 | 0.37 | 100 | Municipal Bonds | VKLMX vs DFSMX | |
| BlackRock MuniYield Michigan Quality Fund | 0.23 | 0.47 | 0.43 | 58 | Municipal Bonds | VKLMX vs MIY |
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