Looking to diversify beyond LCRDX? The mutual funds below have historically moved differently from LCRDX, 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 LCRDX
6 mutual funds have low correlation with LCRDX (below 0.3), 0 of which are negatively correlated. The least correlated is Doubleline Selective Credit Fund (DBSCX) (Multisector Bonds) with a 1Y correlation of 0.16, 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 |
|---|---|---|---|---|---|---|---|
| Doubleline Selective Credit Fund | 0.16 | 0.24 | 0.25 | 89 | Multisector Bonds | LCRDX vs DBSCX | |
| Rational Special Situations Income Fund | 0.20 | 0.17 | 0.19 | 98 | Multisector Bonds | LCRDX vs RFXIX | |
| CrossingBridge Low Duration High Yield Fund | 0.20 | 0.23 | 0.29 | 96 | Multisector Bonds | LCRDX vs CBLDX | |
| Nationwide Strategic Income A | 0.24 | 0.25 | 0.29 | 99 | Multisector Bonds | LCRDX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.28 | 0.31 | 0.31 | 99 | Multisector Bonds | LCRDX vs NWXHX |
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