Looking to diversify beyond LBFFX? The mutual funds below have the lowest correlation with LBFFX — 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 LBFFX.
Best Diversifiers for LBFFX
5 mutual funds have low correlation with LBFFX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Short Duration Income Fund (LALDX) (Short-Term Bond) with a 1Y correlation of 0.10, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund | 0.10 | 0.13 | 0.13 | 67 | Short-Term Bond | LBFFX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.10 | 0.09 | 0.09 | 98 | Ultrashort Bond | LBFFX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.17 | 0.10 | 0.12 | 68 | Total Bond Market | LBFFX vs LLDYX | |
| PIMCO Preferred and Capital Securities Fund | 0.27 | 0.32 | 0.34 | 73 | Preferred Stock/Convertible Bonds | LBFFX vs PFINX | |
| Cohen & Steers Low Duration Preferred and Income F... | 0.30 | 0.32 | 0.34 | 82 | Preferred Stock/Convertible Bonds | LBFFX vs LPXZX |
See all 25 diversifiers for LBFFX
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