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
9 mutual funds have low correlation with LBETX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.08, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.08 | -0.04 | -0.00 | 84 | Bank Loan | LBETX vs XPTFX | |
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.08 | 0.30 | 70 | Diversified Portfolio | LBETX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.23 | 0.17 | 0.14 | 96 | Long-Short | LBETX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.26 | 0.38 | 0.39 | 82 | Diversified Portfolio | LBETX vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.27 | 0.38 | 0.39 | 88 | Diversified Portfolio | LBETX vs FSRKX |
See all 35 diversifiers for LBETX
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