Looking to diversify beyond HYMAX? The mutual funds below have the lowest correlation with HYMAX — 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 HYMAX.
Best Diversifiers for HYMAX
3 mutual funds have low correlation with HYMAX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Mid Cap Stock Fund (LAVLX) (Mid Cap Value Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Mid Cap Stock Fund | 0.14 | 0.16 | 0.10 | 62 | Mid Cap Value Equities | HYMAX vs LAVLX | |
| Lord Abbett Developing Growth Fund | 0.16 | 0.11 | 0.10 | 71 | Small Cap Growth Equities | HYMAX vs LAGWX | |
| Lord Abbett Affiliated Fund | 0.19 | 0.17 | 0.10 | 74 | Large Cap Value Equities | HYMAX vs LAFFX | |
| Lord Abbett High Yield Fund | 0.40 | 0.46 | 0.45 | 64 | High Yield Bonds | HYMAX vs LHYAX | |
| Lord Abbett Ultra Short Bond Fund | 0.42 | 0.42 | 0.42 | 98 | Ultrashort Bond | HYMAX vs LUBYX |
See all 26 diversifiers for HYMAX
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