Looking to diversify beyond LBSAX? The mutual funds below have the lowest correlation with LBSAX — 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 LBSAX.
Best Diversifiers for LBSAX
16 mutual funds have low correlation with LBSAX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Ultra Short Term Bond Fund (CMGUX) (Ultrashort Bond) with a 1Y correlation of 0.04, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Columbia Ultra Short Term Bond Fund | 0.04 | 0.06 | 0.06 | 99 | Ultrashort Bond | LBSAX vs CMGUX | |
| Columbia New York Intermediate Municipal Bond Fund | 0.13 | 0.14 | 0.08 | 74 | Municipal Bonds | LBSAX vs GNYTX | |
| Columbia Short Term Municipal Bond Fund | 0.17 | 0.16 | 0.09 | 76 | Municipal Bonds | LBSAX vs NSMIX | |
| Columbia Tax-Exempt Fund | 0.18 | 0.14 | 0.09 | 71 | Municipal Bonds | LBSAX vs COLTX | |
| Columbia Minnesota Tax-Exempt Fund | 0.18 | 0.12 | 0.08 | 72 | Municipal Bonds | LBSAX vs IMNTX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LBSAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LBSAX and solid risk/return profiles. The least correlated is Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of 0.41, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | 0.41 | 0.45 | 0.54 | 99 | Technology |
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