PortfoliosLab logoPortfoliosLab logo

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.


See all 45 diversifiers for LAMYX

To view more results, upgrade your current subscription plan.

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.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Innovative Industrial Properties, Inc.0.300.400.50
58
Real Estate

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements LAMYX

Add LAMYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with LAMYX