Looking to diversify beyond LAGWX? The mutual funds below have historically moved differently from LAGWX, 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 LAGWX
17 mutual funds have low correlation with LAGWX (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 0.07, roughly unchanged from 0.13 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 | 0.07 | 0.11 | 0.13 | 78 | Short-Term Bond | LAGWX vs LALDX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.09 | 0.11 | 0.10 | 88 | High Yield Muni | LAGWX vs SDHIX | |
| Lord Abbett Inflation Focused Fund Class A | 0.10 | 0.11 | 0.15 | 70 | Inflation-Protected Bonds | LAGWX vs LIFAX | |
| Lord Abbett Short Duration Income Fund Class R6 | 0.10 | 0.10 | 0.11 | 87 | Short-Term Bond | LAGWX vs LDLVX | |
| Lord Abbett California Tax Free Fund | 0.12 | 0.08 | 0.09 | 73 | Municipal Bonds | LAGWX vs LCFIX |
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