Looking to diversify beyond LBETX? The mutual funds below have the lowest correlation with LBETX — 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 LBETX.
Best Diversifiers for LBETX
12 mutual funds have low correlation with LBETX (below 0.3), 2 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.16, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.16 | -0.07 | 0.02 | 76 | Diversified Portfolio | LBETX vs SIFAX | |
| Federated Hermes Project and Trade Finance Tender ... | -0.08 | -0.04 | -0.00 | 80 | Bank Loan | LBETX vs XPTFX | |
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.10 | 0.31 | 63 | Diversified Portfolio | LBETX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.18 | 0.16 | 0.14 | 91 | Long-Short | LBETX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.24 | 0.37 | 0.39 | 95 | Diversified Portfolio | LBETX vs FCSRX |
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