Looking to diversify beyond LAMYX? The mutual funds below have historically moved differently from LAMYX, 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 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 0.17, roughly unchanged from 0.13 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 | 0.17 | 0.15 | 0.13 | 70 | Short-Term Bond | LAMYX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.17 | 0.12 | 0.08 | 99 | Ultrashort Bond | LAMYX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.22 | 0.12 | 0.12 | 74 | Total Bond Market | LAMYX vs LLDYX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.32 | 0.13 | 0.13 | 96 | Large Cap Blend Equities | LAMYX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.45 | 0.32 | 0.40 | 54 | Preferred Stock | LAMYX vs ORDNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LAMYX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.06, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.06 | 0.19 | 0.35 | 74 | Real Estate | |
| Innovative Industrial Properties, Inc. | 0.25 | 0.38 | 0.49 | 71 | Real Estate |
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