Looking to diversify beyond LBNDX? The mutual funds below have historically moved differently from LBNDX, 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 LBNDX
2 mutual funds have low correlation with LBNDX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.20, roughly unchanged from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.20 | 0.28 | 0.24 | 99 | Multisector Bonds | LBNDX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.23 | 0.30 | 0.24 | 99 | Multisector Bonds | LBNDX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.31 | 0.30 | 0.31 | 96 | Multisector Bonds | LBNDX vs CBLDX | |
| Lord Abbett Floating Rate Fund Class A | 0.41 | 0.38 | 0.41 | 95 | Bank Loan | LBNDX vs LFRAX | |
| Rational Special Situations Income Fund | 0.42 | 0.41 | 0.39 | 98 | Multisector Bonds | LBNDX vs RFXIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LBNDX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Take-Two Interactive Software, Inc. (TTWO) (Communication Services) with a 1Y correlation of 0.14, roughly unchanged from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Take-Two Interactive Software, Inc. | 0.14 | 0.24 | 0.23 | 52 | Communication Services | |
| Intel Corporation | 0.29 | 0.26 | 0.29 | 98 | Technology | |
| Apple Inc | 0.31 | 0.28 | 0.34 | 89 | Technology | |
| Morgan Stanley | 0.37 | 0.35 | 0.36 | 87 | Financial Services |
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