Looking to diversify beyond VKLMX? The mutual funds below have the lowest correlation with VKLMX — 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 VKLMX.
Best Diversifiers for VKLMX
14 mutual funds have low correlation with VKLMX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Nasdaq 100 Index Fund (IVNQX) (Large Cap Growth Equities) with a 1Y correlation of 0.12, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Nasdaq 100 Index Fund | 0.12 | 0.09 | 0.10 | 76 | Large Cap Growth Equities | VKLMX vs IVNQX | |
| Invesco Small Cap Value Fund | 0.13 | 0.11 | 0.05 | 89 | Small Cap Value Equities | VKLMX vs VSCAX | |
| Invesco Value Opportunities Fund | 0.13 | 0.11 | 0.06 | 87 | Mid Cap Value Equities | VKLMX vs VVOAX | |
| DFA NY Municipal Bond Portfolio | 0.18 | 0.32 | 0.41 | 99 | Municipal Bonds | VKLMX vs DNYMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.32 | 0.39 | 99 | Municipal Bonds | VKLMX vs USMSX |
See all 20 diversifiers for VKLMX
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