Looking to diversify beyond LADYX? The mutual funds below have historically moved differently from LADYX, 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 LADYX
3 mutual funds have low correlation with LADYX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Short Duration Income Fund (LALDX) (Short-Term Bond) with a 1Y correlation of 0.08, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund | 0.08 | 0.10 | 0.12 | 70 | Short-Term Bond | LADYX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.13 | 0.07 | 0.08 | 99 | Ultrashort Bond | LADYX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.17 | 0.07 | 0.10 | 74 | Total Bond Market | LADYX vs LLDYX | |
| Brandes Small Cap Value Fund | 0.52 | 0.61 | 0.65 | 93 | Small Cap Value Equities | LADYX vs BSCMX | |
| Lord Abbett Short Duration High Yield Fund | 0.54 | 0.52 | 0.51 | 60 | High Yield Bonds | LADYX vs LSYAX |
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