Looking to diversify beyond LANSX? The mutual funds below have the lowest correlation with LANSX — 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 LANSX.
Best Diversifiers for LANSX
13 mutual funds have low correlation with LANSX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Mid Cap Stock Fund (LAVLX) (Mid Cap Value Equities) with a 1Y correlation of 0.13, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Mid Cap Stock Fund | 0.13 | 0.15 | 0.10 | 56 | Mid Cap Value Equities | LANSX vs LAVLX | |
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.24 | 0.35 | 99 | Municipal Bonds | LANSX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.14 | 0.31 | 0.37 | 99 | Municipal Bonds | LANSX vs USMSX | |
| Lord Abbett Developing Growth Fund | 0.15 | 0.10 | 0.10 | 69 | Small Cap Growth Equities | LANSX vs LAGWX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.16 | 0.27 | 0.39 | 100 | Municipal Bonds | LANSX vs DFABX |
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