Looking to diversify beyond LAFFX? The mutual funds below have the lowest correlation with LAFFX — 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 LAFFX.
Best Diversifiers for LAFFX
18 mutual funds have low correlation with LAFFX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Inflation Focused Fund Class A (LIFAX) (Inflation-Protected Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Inflation Focused Fund Class A | 0.12 | 0.17 | 0.20 | 68 | Inflation-Protected Bonds | LAFFX vs LIFAX | |
| Federated Hermes Municipal Ultra Short Fund | 0.13 | 0.14 | 0.08 | 94 | Municipal Bonds | LAFFX vs FMUSX | |
| Lord Abbett Inflation Focused Fund | 0.15 | 0.19 | 0.21 | 74 | Inflation-Protected Bonds | LAFFX vs LIFIX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.16 | 0.16 | 0.11 | 79 | High Yield Muni | LAFFX vs SDHIX | |
| Lord Abbett California Tax Free Fund | 0.17 | 0.15 | 0.09 | 66 | Municipal Bonds | LAFFX vs LCFIX |
See all 65 diversifiers for LAFFX
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