Looking to diversify beyond LAIDX? The mutual funds below have historically moved differently from LAIDX, 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 LAIDX
2 mutual funds have low correlation with LAIDX (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 0.23, roughly unchanged from 0.15 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 | 0.23 | 0.21 | 0.15 | 78 | Short-Term Bond | LAIDX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.25 | 0.16 | 0.12 | 99 | Ultrashort Bond | LAIDX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.34 | 0.20 | 0.18 | 88 | Total Bond Market | LAIDX vs LLDYX | |
| Federated Hermes International Strategic Value Div... | 0.54 | 0.63 | 0.74 | 88 | Foreign Large Cap Equities | LAIDX vs IVFIX | |
| Lord Abbett High Yield Fund | 0.54 | 0.51 | 0.53 | 57 | High Yield Bonds | LAIDX vs LHYAX |
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