Looking to diversify beyond LCSIX? The mutual funds below have historically moved differently from LCSIX, 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 LCSIX
34 mutual funds have low correlation with LCSIX (below 0.3), 1 of which are negatively correlated. The least correlated is Colorado Bond Shares A Tax Exempt Fund (HICOX) (Municipal Bonds) with a 1Y correlation of -0.00, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Colorado Bond Shares A Tax Exempt Fund | -0.00 | 0.02 | 0.06 | 97 | Municipal Bonds | LCSIX vs HICOX | |
| NexPoint Merger Arbitrage Fund | 0.01 | 0.05 | 0.05 | 99 | Event Driven | LCSIX vs HMEZX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.04 | 0.10 | 0.10 | 100 | Ultrashort Bond | LCSIX vs ENIAX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.10 | 0.03 | 0.06 | 79 | Bank Loan | LCSIX vs RPIFX | |
| Osterweis Strategic Income Fund | 0.10 | 0.10 | 0.12 | 85 | High Yield Bonds | LCSIX vs OSTIX |
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