Looking to diversify beyond LCEAX? The mutual funds below have the lowest correlation with LCEAX — 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 LCEAX.
Best Diversifiers for LCEAX
1 mutual funds have low correlation with LCEAX (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 0.29, down from 0.79 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.29 | 0.61 | 0.79 | 65 | Large Cap Value Equities | LCEAX vs LEIFX | |
| State Street S&P 500 Index Fund Class N | 0.47 | 0.61 | 0.73 | 83 | Large Cap Blend Equities | LCEAX vs SVSPX | |
| Invesco Nasdaq 100 Index Fund | 0.48 | 0.54 | 0.61 | 70 | Large Cap Growth Equities | LCEAX vs IVNQX | |
| Rational Equity Armor Fund | 0.53 | 0.60 | 0.71 | 55 | Large Cap Value Equities | LCEAX vs HDCTX | |
| Federated Hermes Strategic Value Dividend Fund | 0.58 | 0.64 | 0.76 | 78 | Large Cap Value Equities | LCEAX vs SVAIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LCEAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LCEAX and solid risk/return profiles. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of 0.01, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | 0.01 | 0.27 | 0.36 | 90 | Energy | |
| Arista Networks, Inc. | 0.27 | 0.31 | 0.37 | 85 | Technology | |
| Rigetti Computing Inc | 0.28 | 0.29 | 0.27 | 68 | Technology | |
| Vertiv Holdings Co. | 0.33 | 0.37 | 0.45 | 95 | Industrials |
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