Looking to diversify beyond LCRYX? The mutual funds below have historically moved differently from LCRYX, 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 LCRYX
1 mutual funds have low correlation with LCRYX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Affiliated Fund (LAFFX) (Large Cap Value Equities) with a 1Y correlation of 0.29, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Affiliated Fund | 0.29 | 0.21 | 0.14 | 80 | Large Cap Value Equities | LCRYX vs LAFFX | |
| Lord Abbett Mid Cap Stock Fund | 0.31 | 0.24 | 0.15 | 70 | Mid Cap Value Equities | LCRYX vs LAVLX | |
| Lord Abbett High Yield Fund | 0.51 | 0.49 | 0.45 | 57 | High Yield Bonds | LCRYX vs LHYAX | |
| Lord Abbett Ultra Short Bond Fund | 0.53 | 0.48 | 0.51 | 99 | Ultrashort Bond | LCRYX vs LUBYX | |
| Lord Abbett Short Duration High Yield Fund | 0.54 | 0.50 | 0.45 | 77 | High Yield Bonds | LCRYX vs LSYIX |
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