Looking to diversify beyond LCFIX? The mutual funds below have the lowest correlation with LCFIX — 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 LCFIX.
Best Diversifiers for LCFIX
12 mutual funds have low correlation with LCFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Developing Growth Fund (LAGWX) (Small Cap Growth Equities) with a 1Y correlation of 0.09, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Developing Growth Fund | 0.09 | 0.07 | 0.08 | 68 | Small Cap Growth Equities | LCFIX vs LAGWX | |
| Lord Abbett Mid Cap Stock Fund | 0.11 | 0.14 | 0.08 | 51 | Mid Cap Value Equities | LCFIX vs LAVLX | |
| Lord Abbett Affiliated Fund | 0.14 | 0.14 | 0.08 | 54 | Large Cap Value Equities | LCFIX vs LAFFX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.25 | 0.35 | 99 | Municipal Bonds | LCFIX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.19 | 0.29 | — | 100 | Municipal Bonds | LCFIX vs DFABX |
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