Looking to diversify beyond LAIDX? The mutual funds below have the lowest correlation with LAIDX — 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 LAIDX.
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 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund | 0.23 | 0.23 | 0.14 | 67 | Short-Term Bond | LAIDX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.25 | 0.17 | 0.12 | 98 | Ultrashort Bond | LAIDX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.37 | 0.21 | 0.17 | 68 | Total Bond Market | LAIDX vs LLDYX | |
| Lord Abbett High Yield Fund | 0.54 | 0.52 | 0.53 | 64 | High Yield Bonds | LAIDX vs LHYAX | |
| Lord Abbett Developing Growth Fund | 0.55 | 0.56 | 0.60 | 71 | Small Cap Growth Equities | LAIDX vs LAGWX |
See all 27 diversifiers for LAIDX
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