Looking to diversify beyond LCFYX? The mutual funds below have the lowest correlation with LCFYX — 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 LCFYX.
Best Diversifiers for LCFYX
3 mutual funds have low correlation with LCFYX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Ultra Short Bond Fund (LUBYX) (Ultrashort Bond) with a 1Y correlation of 0.06, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Ultra Short Bond Fund | 0.06 | 0.08 | 0.09 | 98 | Ultrashort Bond | LCFYX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.09 | 0.12 | 0.13 | 69 | Short-Term Bond | LCFYX vs LALDX | |
| Lord Abbett Short Duration Income Fund | 0.15 | 0.09 | 0.11 | 77 | Total Bond Market | LCFYX vs LLDYX | |
| Lord Abbett High Yield Fund | 0.45 | 0.51 | 0.54 | 69 | High Yield Bonds | LCFYX vs LHYAX | |
| Lord Abbett Bond Debenture Fund | 0.45 | 0.51 | 0.51 | 51 | Multisector Bonds | LCFYX vs LBNDX |
See all 21 diversifiers for LCFYX
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