Looking to diversify beyond LBWIX? The mutual funds below have historically moved differently from LBWIX, 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 LBWIX
0 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) (Dividend) with a 1Y correlation of 0.33, down from 0.77 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.33 | 0.59 | 0.77 | 68 | Dividend, Large Cap Value Equities | LBWIX vs LEIFX | |
| GQG Partners US Quality Dividend Income Fund | 0.35 | 0.60 | 0.72 | 54 | Quality Factor, Large Cap Value Equities | LBWIX vs GQHPX | |
| AMG Yacktman Focused Fund | 0.36 | 0.60 | 0.73 | 93 | Large Cap Value Equities | LBWIX vs YAFFX | |
| Voya Corporate Leaders Trust Fund | 0.37 | 0.62 | 0.73 | 94 | Large Cap Value Equities | LBWIX vs LEXCX | |
| AMG Yacktman Fund | 0.55 | 0.73 | 0.82 | 95 | Large Cap Value Equities | LBWIX vs YACKX |
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