Looking to diversify beyond LAPIX? The mutual funds below have the lowest correlation with LAPIX — 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 LAPIX.
Best Diversifiers for LAPIX
1 mutual funds have low correlation with LAPIX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Developing Growth Fund (LAGWX) (Small Cap Growth Equities) with a 1Y correlation of 0.26, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Developing Growth Fund | 0.26 | 0.21 | 0.18 | 71 | Small Cap Growth Equities | LAPIX vs LAGWX | |
| Lord Abbett Mid Cap Stock Fund | 0.33 | 0.29 | 0.19 | 62 | Mid Cap Value Equities | LAPIX vs LAVLX | |
| Lord Abbett Affiliated Fund | 0.33 | 0.26 | 0.18 | 74 | Large Cap Value Equities | LAPIX vs LAFFX | |
| Holbrook Income Fund Class I | 0.52 | 0.43 | 0.46 | 98 | Intermediate Core-Plus Bond | LAPIX vs HOBIX | |
| Leader Capital High Quality Income Fund Institutio... | 0.56 | 0.32 | 0.22 | 95 | Intermediate Core-Plus Bond | LAPIX vs LCTIX |
See all 18 diversifiers for LAPIX
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