Looking to diversify beyond LDP? The mutual funds below have historically moved differently from LDP, 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 LDP
3 mutual funds have low correlation with LDP (below 0.3), 0 of which are negatively correlated. The least correlated is Cohen & Steers Global Infrastructure Fund Class A (CSUAX) (Infrastructure Equities) with a 1Y correlation of 0.13, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers Global Infrastructure Fund Class A | 0.13 | 0.35 | 0.37 | 74 | Infrastructure Equities, Global Equities | LDP vs CSUAX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 0.13 | 0.35 | 0.37 | 76 | Infrastructure Equities, Energy Equities | LDP vs CSUIX | |
| Cohen & Steers Real Assets Fund Inc | 0.17 | 0.31 | 0.34 | 61 | Global Allocation | LDP vs RAPZX | |
| Cohen & Steers Preferred Securities and Income SMA... | 0.45 | 0.40 | 0.39 | 77 | Preferred Stock | LDP vs PISHX | |
| PIMCO Preferred and Capital Securities Fund | 0.45 | 0.44 | 0.40 | 65 | Preferred Stock | LDP vs PFINX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LDP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Western Midstream Partners, LP (WES) (Energy) with a 1Y correlation of 0.02, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Western Midstream Partners, LP | 0.02 | 0.16 | 0.21 | 82 | Energy |
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