Looking to diversify beyond LCSMX? The mutual funds below have historically moved differently from LCSMX, 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 LCSMX
5 mutual funds have low correlation with LCSMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.10, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.10 | 0.42 | 0.53 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | LCSMX vs GSIYX | |
| The Cook & Bynum Fund | 0.18 | 0.30 | 0.38 | 66 | Emerging Markets Equities | LCSMX vs COBYX | |
| Western Asset Ultra-Short Income Fund | 0.20 | 0.15 | 0.20 | 98 | Ultrashort Bond | LCSMX vs ARMGX | |
| Western Asset SMASh Series M Fund | 0.23 | 0.12 | 0.07 | 54 | Intermediate Core-Plus Bond | LCSMX vs LMSMX | |
| ClearBridge Global Infrastructure Income Fund | 0.30 | 0.32 | 0.40 | 77 | Infrastructure Equities, Energy Equities | LCSMX vs RGSVX |
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