Looking to diversify beyond LBWIX? The mutual funds below have the lowest correlation with LBWIX — 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 LBWIX.
Best Diversifiers for LBWIX
1 mutual funds have low correlation with LBWIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.23, down from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.23 | 0.59 | 0.77 | 72 | Large Cap Value Equities | LBWIX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.57 | 0.65 | 0.75 | 82 | Large Cap Value Equities | LBWIX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.61 | 0.75 | 0.83 | 52 | Large Cap Value Equities | LBWIX vs BUFBX | |
| Fidelity Dividend Growth Fund | 0.63 | 0.65 | 0.77 | 79 | Large Cap Blend Equities, Dividend | LBWIX vs FDGFX | |
| Fidelity Advisor Capital Development Fund Class O | 0.65 | 0.72 | 0.83 | 62 | Large Cap Value Equities | LBWIX vs FDETX |
See all 40 diversifiers for LBWIX
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