Looking to diversify beyond LEAIX? The mutual funds below have historically moved differently from LEAIX, 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 LEAIX
3 mutual funds have low correlation with LEAIX (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 0.12, down from 0.57 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... | 0.12 | 0.46 | 0.57 | 51 | Foreign Large Cap Equities, Emerging Markets Equities | LEAIX vs GSIYX | |
| The Cook & Bynum Fund | 0.19 | 0.33 | 0.42 | 70 | Emerging Markets Equities | LEAIX vs COBYX | |
| Lazard Real Assets Portfolio | 0.22 | 0.39 | 0.46 | 90 | Global Allocation | LEAIX vs RALIX | |
| Lazard US Equity Focus Portfolio | 0.43 | 0.49 | 0.55 | 54 | Large Cap Blend Equities | LEAIX vs LZUSX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.46 | 0.63 | 0.71 | 91 | Emerging Markets Equities | LEAIX vs ESCIX |
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