Looking to diversify beyond LDMIX? The mutual funds below have historically moved differently from LDMIX, 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 LDMIX
3 mutual funds have low correlation with LDMIX (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 0.13, down from 0.56 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... | 0.13 | 0.45 | 0.56 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | LDMIX vs GSIYX | |
| Lazard Real Assets Portfolio | 0.20 | 0.39 | 0.46 | 90 | Global Allocation | LDMIX vs RALIX | |
| The Cook & Bynum Fund | 0.21 | 0.36 | 0.43 | 66 | Emerging Markets Equities | LDMIX vs COBYX | |
| Lazard US Equity Focus Portfolio | 0.46 | 0.53 | 0.58 | 51 | Large Cap Blend Equities | LDMIX vs LZUSX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.48 | 0.68 | 0.74 | 92 | Emerging Markets Equities | LDMIX vs ESCIX |
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