Looking to diversify beyond LAVLX? The mutual funds below have historically moved differently from LAVLX, 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 LAVLX
18 mutual funds have low correlation with LAVLX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Municipal Ultra Short Fund (FMUSX) (Municipal Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Municipal Ultra Short Fund | 0.09 | 0.12 | 0.08 | 93 | Municipal Bonds | LAVLX vs FMUSX | |
| Lord Abbett Inflation Focused Fund Class A | 0.13 | 0.17 | 0.20 | 70 | Inflation-Protected Bonds | LAVLX vs LIFAX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.13 | 0.16 | 0.11 | 88 | High Yield Muni | LAVLX vs SDHIX | |
| Lord Abbett Ultra Short Bond Fund | 0.14 | 0.13 | 0.07 | 99 | Ultrashort Bond | LAVLX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.15 | 0.18 | 0.13 | 78 | Short-Term Bond | LAVLX vs LALDX |
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