Looking to diversify beyond LAFFX? The mutual funds below have historically moved differently from LAFFX, 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 LAFFX
20 mutual funds have low correlation with LAFFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Municipal Ultra Short Fund (FMUSX) (Municipal Bonds) with a 1Y correlation of 0.10, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Municipal Ultra Short Fund | 0.10 | 0.14 | 0.08 | 93 | Municipal Bonds | LAFFX vs FMUSX | |
| Lord Abbett Inflation Focused Fund Class A | 0.13 | 0.16 | 0.19 | 70 | Inflation-Protected Bonds | LAFFX vs LIFAX | |
| GQG Partners US Quality Dividend Income Fund | 0.13 | 0.54 | 0.68 | 62 | Quality Factor, Large Cap Value Equities | LAFFX vs GQHPX | |
| Lord Abbett Short Duration Income Fund | 0.16 | 0.16 | 0.12 | 78 | Short-Term Bond | LAFFX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.16 | 0.13 | 0.07 | 99 | Ultrashort Bond | LAFFX vs LUBYX |
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