Looking to diversify beyond LBGIX? The mutual funds below have the lowest correlation with LBGIX — 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 LBGIX.
Best Diversifiers for LBGIX
0 mutual funds have low correlation with LBGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.48, roughly unchanged from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.48 | 0.50 | 0.57 | 92 | Diversified Portfolio | LBGIX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.55 | 0.54 | 0.58 | 87 | Diversified Portfolio | LBGIX vs FKINX | |
| Essex Environmental Opportunities Fund | 0.68 | 0.75 | 0.80 | 72 | Mid Cap Growth Equities | LBGIX vs EEOFX | |
| Needham Growth Fund Institutional Class | 0.75 | 0.78 | 0.83 | 91 | Mid Cap Growth Equities | LBGIX vs NEEIX | |
| Needham Growth Fund | 0.75 | 0.78 | 0.84 | 91 | Mid Cap Growth Equities | LBGIX vs NEEGX |
See all 11 diversifiers for LBGIX
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Diversification Analysis
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