Looking to diversify beyond LANSX? The mutual funds below have historically moved differently from LANSX, 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 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 0.15, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Mid Cap Stock Fund | 0.15 | 0.16 | 0.10 | 66 | Mid Cap Value Equities | LANSX vs LAVLX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.18 | 0.28 | — | 99 | Municipal Bonds | LANSX vs DFABX | |
| Lord Abbett Developing Growth Fund | 0.18 | 0.12 | 0.12 | 61 | Small Cap Growth Equities | LANSX vs LAGWX | |
| Lord Abbett Affiliated Fund | 0.19 | 0.16 | 0.10 | 84 | Large Cap Value Equities | LANSX vs LAFFX | |
| JPMorgan Ultra-Short Municipal Fund | 0.19 | 0.32 | 0.38 | 99 | Municipal Bonds | LANSX vs USMSX |
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