Looking to diversify beyond LAPIX? The mutual funds below have historically moved differently from LAPIX, 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 LAPIX
0 mutual funds have low correlation with LAPIX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Affiliated Fund (LAFFX) (Large Cap Value Equities) with a 1Y correlation of 0.31, up from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Affiliated Fund | 0.31 | 0.26 | 0.19 | 80 | Large Cap Value Equities | LAPIX vs LAFFX | |
| Lord Abbett Mid Cap Stock Fund | 0.33 | 0.29 | 0.20 | 70 | Mid Cap Value Equities | LAPIX vs LAVLX | |
| Holbrook Income Fund Class I | 0.54 | 0.42 | 0.46 | 99 | Intermediate Core-Plus Bond | LAPIX vs HOBIX | |
| GMO Multi-Sector Fixed Income Fund | 0.55 | 0.84 | 0.87 | 90 | Intermediate Core-Plus Bond | LAPIX vs GUGAX | |
| Lord Abbett Ultra Short Bond Fund | 0.55 | 0.51 | 0.53 | 99 | Ultrashort Bond | LAPIX vs LUBYX |
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