Looking to diversify beyond LAMYX? The mutual funds below have the lowest correlation with LAMYX — 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 LAMYX.
Best Diversifiers for LAMYX
3 mutual funds have low correlation with LAMYX (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 0.16, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund | 0.16 | 0.15 | 0.12 | 67 | Short-Term Bond | LAMYX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.19 | 0.12 | 0.08 | 98 | Ultrashort Bond | LAMYX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.26 | 0.12 | 0.12 | 68 | Total Bond Market | LAMYX vs LLDYX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.30 | 0.12 | 0.12 | 72 | Large Cap Blend Equities | LAMYX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.45 | 0.32 | 0.41 | 69 | Large Cap Blend Equities | LAMYX vs ORDNX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LAMYX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LAMYX and solid risk/return profiles. The least correlated is Innovative Industrial Properties, Inc. (IIPR) (Real Estate) with a 1Y correlation of 0.30, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innovative Industrial Properties, Inc. | 0.30 | 0.40 | 0.50 | 58 | Real Estate |
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