Looking to diversify beyond LBETX? The mutual funds below have historically moved differently from LBETX, 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 LBETX
11 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 -0.20, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.20 | -0.10 | -0.00 | 83 | Diversified Portfolio | LBETX vs SIFAX | |
| Federated Hermes Project and Trade Finance Tender ... | -0.10 | -0.05 | -0.01 | 93 | Bank Loan | LBETX vs XPTFX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.08 | 0.29 | 66 | Diversified Portfolio | LBETX vs MHELX | |
| DWS RREEF Real Assets Fund - Class A | 0.21 | 0.42 | 0.45 | 77 | Diversified Portfolio | LBETX vs AAAAX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.22 | 0.37 | 0.38 | 89 | Diversified Portfolio | LBETX vs FCSRX |
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