Looking to diversify beyond LBFFX? The mutual funds below have historically moved differently from LBFFX, 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 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 0.07, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund | 0.07 | 0.11 | 0.13 | 78 | Short-Term Bond | LBFFX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.09 | 0.08 | 0.09 | 99 | Ultrashort Bond | LBFFX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.17 | 0.09 | 0.12 | 88 | Total Bond Market | LBFFX vs LLDYX | |
| Lazard Enhanced Opportunities Portfolio Open Share... | 0.26 | 0.08 | 0.16 | 75 | Convertible Bonds | LBFFX vs LEOOX | |
| PIMCO Preferred and Capital Securities Fund | 0.27 | 0.31 | 0.34 | 68 | Preferred Stock | LBFFX vs PFINX |
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