Looking to diversify beyond LEAIX? The mutual funds below have the lowest correlation with LEAIX — 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 LEAIX.
Best Diversifiers for LEAIX
2 mutual funds have low correlation with LEAIX (below 0.3), 1 of which are negatively correlated. The least correlated is Lazard US Short Duration Fixed Income Portfolio (UMNIX) (Ultrashort Bond) with a 1Y correlation of -0.04, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lazard US Short Duration Fixed Income Portfolio | -0.04 | 0.02 | 0.03 | 50 | Ultrashort Bond | LEAIX vs UMNIX | |
| Lazard Real Assets Portfolio | 0.25 | 0.43 | 0.48 | 78 | Global Allocation | LEAIX vs RALIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.55 | 0.67 | 0.73 | 87 | Emerging Markets Diversified | LEAIX vs ESCIX | |
| Wasatch Emerging Markets Small Cap Fund | 0.69 | 0.63 | 0.68 | 63 | Emerging Markets Diversified | LEAIX vs WAEMX | |
| Delaware Emerging Markets Fund | 0.73 | 0.79 | 0.85 | 98 | Emerging Markets Diversified | LEAIX vs DEMIX |
See all 28 diversifiers for LEAIX
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