Looking to diversify beyond LCTRX? The mutual funds below have historically moved differently from LCTRX, 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 LCTRX
3 mutual funds have low correlation with LCTRX (below 0.3), 0 of which are negatively correlated. The least correlated is GMO Multi-Sector Fixed Income Fund (GUGAX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.15, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Multi-Sector Fixed Income Fund | 0.15 | 0.13 | 0.11 | 89 | Intermediate Core-Plus Bond | LCTRX vs GUGAX | |
| Leader Short Term High Yield Bond Fund | 0.28 | 0.30 | 0.31 | 77 | Short-Term Bond | LCTRX vs LCCMX | |
| Federated Hermes Max Cap Index Fund | 0.30 | 0.15 | 0.14 | 68 | Large Cap Blend Equities | LCTRX vs FISPX | |
| American Funds Capital World Growth and Income Fun... | 0.30 | 0.14 | 0.15 | 72 | Global Equities | LCTRX vs CWGIX | |
| Putnam Mortgage Securities Fund | 0.41 | 0.20 | 0.14 | 51 | Intermediate Core-Plus Bond | LCTRX vs PGSIX |
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