Looking to diversify beyond LDP? The mutual funds below have the lowest correlation with LDP — 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 LDP.
Best Diversifiers for LDP
0 mutual funds have low correlation with LDP (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Low Duration Preferred and Income Fund (LPXZX) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.41, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Low Duration Preferred and Income F... | 0.41 | 0.40 | 0.37 | 84 | Preferred Stock/Convertible Bonds | LDP vs LPXZX | |
| Lord Abbett Convertible Fund Class F | 0.45 | 0.43 | 0.42 | 88 | Preferred Stock/Convertible Bonds | LDP vs LBFFX | |
| Cohen & Steers Preferred Securities and Income SMA... | 0.45 | 0.40 | 0.38 | 87 | Preferred Stock/Convertible Bonds | LDP vs PISHX | |
| Principal Capital Securities Fund | 0.45 | 0.39 | 0.37 | 77 | Preferred Stock/Convertible Bonds | LDP vs PCSFX | |
| PIMCO Preferred and Capital Securities Fund | 0.46 | 0.44 | 0.39 | 74 | Preferred Stock/Convertible Bonds | LDP vs PFINX |
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