Looking to diversify beyond LCAIX? The mutual funds below have historically moved differently from LCAIX, 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 LCAIX
1 mutual funds have low correlation with LCAIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of 0.01, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | 0.01 | 0.26 | 0.19 | 85 | Tactical Allocation | LCAIX vs PBAIX | |
| Lazard Real Assets Portfolio | 0.35 | 0.51 | 0.62 | 90 | Global Allocation | LCAIX vs RALIX | |
| Quantified Evolution Plus Fund | 0.46 | 0.56 | 0.45 | 84 | Tactical Allocation | LCAIX vs QEVOX | |
| Goldman Sachs TacticalTiltOverlayFund | 0.50 | 0.37 | 0.50 | 72 | Tactical Allocation | LCAIX vs TTIFX | |
| Hussman Strategic Total Return Fund | 0.50 | 0.41 | 0.43 | 95 | Tactical Allocation | LCAIX vs HSTRX |
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