Looking to diversify beyond LCSMX? The mutual funds below have the lowest correlation with LCSMX — 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 LCSMX.
Best Diversifiers for LCSMX
2 mutual funds have low correlation with LCSMX (below 0.3), 0 of which are negatively correlated. The least correlated is Western Asset Ultra-Short Income Fund (ARMGX) (Ultrashort Bond) with a 1Y correlation of 0.17, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Western Asset Ultra-Short Income Fund | 0.17 | 0.14 | 0.19 | 98 | Ultrashort Bond | LCSMX vs ARMGX | |
| ClearBridge Global Infrastructure Income Fund | 0.29 | 0.33 | 0.41 | 54 | Energy Equities | LCSMX vs RGSVX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.48 | 0.64 | 0.70 | 87 | Emerging Markets Diversified | LCSMX vs ESCIX | |
| PIMCO RAE PLUS EMG Fund | 0.52 | 0.55 | 0.57 | 67 | Emerging Markets Diversified | LCSMX vs PEFIX | |
| Pzena Emerging Markets Value Fund | 0.54 | 0.57 | 0.61 | 54 | Emerging Markets Diversified | LCSMX vs PZVEX |
See all 148 diversifiers for LCSMX
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