Looking to diversify beyond LCTIX? The mutual funds below have the lowest correlation with LCTIX — 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 LCTIX.
Best Diversifiers for LCTIX
2 mutual funds have low correlation with LCTIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.07 | 0.10 | 0.07 | 99 | Multisector Bonds | LCTIX vs NWXHX | |
| GMO Multi-Sector Fixed Income Fund | 0.16 | 0.13 | 0.09 | 67 | Intermediate Core-Plus Bond | LCTIX vs GUGAX | |
| Putnam Mortgage Securities Fund | 0.32 | 0.16 | 0.12 | 52 | Intermediate Core-Plus Bond | LCTIX vs PGSIX | |
| AAMA Income Fund | 0.36 | 0.17 | 0.11 | 71 | Intermediate Core-Plus Bond | LCTIX vs AMFIX | |
| Archer Income Fund | 0.36 | 0.20 | 0.16 | 55 | Intermediate Core-Plus Bond | LCTIX vs ARINX |
See all 9 diversifiers for LCTIX
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