Looking to diversify beyond LCLAX? The mutual funds below have the lowest correlation with LCLAX — 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 LCLAX.
Best Diversifiers for LCLAX
0 mutual funds have low correlation with LCLAX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.43, down from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.43 | 0.50 | 0.59 | 89 | Diversified Portfolio | LCLAX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.52 | 0.52 | 0.59 | 84 | Diversified Portfolio | LCLAX vs FKINX | |
| Essex Environmental Opportunities Fund | 0.62 | 0.73 | 0.79 | 63 | Mid Cap Growth Equities | LCLAX vs EEOFX | |
| Baron Focused Growth Fund Institutional Shares | 0.67 | 0.77 | 0.82 | 54 | Mid Cap Growth Equities | LCLAX vs BFGIX | |
| Baron Focused Growth Fund | 0.68 | 0.78 | 0.82 | 53 | Mid Cap Growth Equities | LCLAX vs BFGFX |
See all 16 diversifiers for LCLAX
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