Looking to diversify beyond LAPLX? The mutual funds below have the lowest correlation with LAPLX — 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 LAPLX.
Best Diversifiers for LAPLX
3 mutual funds have low correlation with LAPLX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Floating Rate High Income Fund (FFRHX) (High Yield Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | 0.17 | 0.16 | 0.19 | 93 | High Yield Bonds | LAPLX vs FFRHX | |
| Lord Abbett Developing Growth Fund | 0.22 | 0.20 | 0.17 | 68 | Small Cap Growth Equities | LAPLX vs LAGWX | |
| Lord Abbett Affiliated Fund | 0.29 | 0.23 | 0.17 | 56 | Large Cap Value Equities | LAPLX vs LAFFX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.48 | 0.33 | 0.24 | 91 | Intermediate Core-Plus Bond | LAPLX vs LCTRX | |
| Holbrook Income Fund Class I | 0.50 | 0.42 | 0.45 | 98 | Intermediate Core-Plus Bond | LAPLX vs HOBIX |
See all 18 diversifiers for LAPLX
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