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
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 0.12, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Municipal Ultra Short Fund | 0.12 | 0.13 | 0.08 | 95 | Municipal Bonds | LAFFX vs FMUSX | |
| Lord Abbett Short Duration Income Fund | 0.15 | 0.17 | 0.12 | 76 | Short-Term Bond | LAFFX vs LALDX | |
| Lord Abbett Inflation Focused Fund Class A | 0.15 | 0.17 | 0.20 | 72 | Inflation-Protected Bonds | LAFFX vs LIFAX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.16 | 0.17 | 0.11 | 85 | High Yield Muni | LAFFX vs SDHIX | |
| Lord Abbett California Tax Free Fund | 0.17 | 0.15 | 0.09 | 76 | Municipal Bonds | LAFFX vs LCFIX |
See all 73 diversifiers for LAFFX
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