Looking to diversify beyond LCSIX? The mutual funds below have the lowest correlation with LCSIX — 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 LCSIX.
Best Diversifiers for LCSIX
26 mutual funds have low correlation with LCSIX (below 0.3), 0 of which are negatively correlated. The least correlated is NexPoint Merger Arbitrage Fund (HMEZX) (Event Driven) with a 1Y correlation of 0.02, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NexPoint Merger Arbitrage Fund | 0.02 | 0.06 | 0.04 | 99 | Event Driven | LCSIX vs HMEZX | |
| Colorado Bond Shares A Tax Exempt Fund | 0.03 | 0.03 | 0.06 | 97 | Municipal Bonds | LCSIX vs HICOX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.04 | 0.11 | 0.10 | 99 | Ultrashort Bond | LCSIX vs ENIAX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.05 | 0.03 | 0.06 | 87 | Bank Loan | LCSIX vs RPIFX | |
| Osterweis Strategic Income Fund | 0.10 | 0.12 | 0.12 | 87 | High Yield Bonds | LCSIX vs OSTIX |
See all 35 diversifiers for LCSIX
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Diversification Analysis
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