Looking to diversify beyond LAIEX? The mutual funds below have historically moved differently from LAIEX, 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 LAIEX
2 mutual funds have low correlation with LAIEX (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 0.22, roughly unchanged from 0.19 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 | 0.22 | 0.22 | 0.19 | 78 | Short-Term Bond | LAIEX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.25 | 0.18 | 0.17 | 99 | Ultrashort Bond | LAIEX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.33 | 0.25 | 0.24 | 88 | Total Bond Market | LAIEX vs LLDYX | |
| Lord Abbett Mid Cap Stock Fund | 0.57 | 0.62 | 0.69 | 70 | Mid Cap Value Equities | LAIEX vs LAVLX | |
| AMG Yacktman Special Opportunities Fund | 0.58 | 0.62 | 0.70 | 55 | Foreign Small & Mid Cap Equities | LAIEX vs YASLX |
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