Looking to diversify beyond LCORX? The mutual funds below have the lowest correlation with LCORX — 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 LCORX.
Best Diversifiers for LCORX
1 mutual funds have low correlation with LCORX (below 0.3), 1 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund Institutional Class (PBAIX) (Tactical Allocation) with a 1Y correlation of -0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund Institutiona... | -0.03 | 0.24 | 0.19 | 75 | Tactical Allocation | LCORX vs PBAIX | |
| Quantified Evolution Plus Fund | 0.38 | 0.50 | 0.39 | 80 | Tactical Allocation | LCORX vs QEVOX | |
| River Canyon Total Return Bond Fund | 0.38 | 0.26 | 0.26 | 73 | Short-Term Bond | LCORX vs RCTIX | |
| AQR Diversifying Strategies Fund Class N | 0.45 | 0.37 | 0.27 | 88 | Tactical Allocation | LCORX vs QDSNX | |
| T. Rowe Price High Yield Fund | 0.46 | 0.44 | 0.45 | 74 | High Yield Bonds | LCORX vs PRHYX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LCORX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LCORX and solid risk/return profiles. The least correlated is Uranium Energy Corp. (UEC) (Energy) with a 1Y correlation of 0.50, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Uranium Energy Corp. | 0.50 | 0.40 | 0.46 | 70 | Energy |
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