Looking to diversify beyond LCIAX? The mutual funds below have the lowest correlation with LCIAX — 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 LCIAX.
Best Diversifiers for LCIAX
4 mutual funds have low correlation with LCIAX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Tax Exempt Trust Intermediate-Term Municipal Fund (SEIMX) (Municipal Bonds) with a 1Y correlation of 0.20, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Tax Exempt Trust Intermediate-Term Municipal F... | 0.20 | 0.15 | 0.12 | 69 | Municipal Bonds | LCIAX vs SEIMX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.21 | 0.18 | 0.20 | 99 | Ultrashort Bond | LCIAX vs ENIAX | |
| SEI Tax Exempt Trust California Municipal Bond Fun... | 0.24 | 0.16 | 0.11 | 52 | Municipal Bonds | LCIAX vs SBDAX | |
| SEI Tax Exempt Trust Tax-Advantaged Income Fund | 0.26 | 0.23 | 0.22 | 64 | Intermediate Core-Plus Bond | LCIAX vs SEATX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.31 | 0.17 | 0.13 | 95 | Large Cap Blend Equities | LCIAX vs SVPFX |
See all 47 diversifiers for LCIAX
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