Looking to diversify beyond LCILX? The mutual funds below have historically moved differently from LCILX, 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 LCILX
1 mutual funds have low correlation with LCILX (below 0.3), 0 of which are negatively correlated. The least correlated is Western Asset Ultra-Short Income Fund (ARMGX) (Ultrashort Bond) with a 1Y correlation of 0.29, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Western Asset Ultra-Short Income Fund | 0.29 | 0.22 | 0.25 | 98 | Ultrashort Bond | LCILX vs ARMGX | |
| Western Asset SMASh Series M Fund | 0.34 | 0.18 | 0.14 | 54 | Intermediate Core-Plus Bond | LCILX vs LMSMX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.37 | 0.16 | 0.14 | 97 | Large Cap Blend Equities | LCILX vs SVPFX | |
| ClearBridge Global Infrastructure Income Fund | 0.41 | 0.40 | 0.53 | 77 | Infrastructure Equities, Energy Equities | LCILX vs RGSVX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.43 | 0.61 | 0.79 | 50 | Large Cap Blend Equities | LCILX vs QKACX |
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