Looking to diversify beyond LEGIX? The mutual funds below have the lowest correlation with LEGIX — 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 LEGIX.
Best Diversifiers for LEGIX
0 mutual funds have low correlation with LEGIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.34, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.34 | 0.20 | 0.13 | 95 | Long-Short | LEGIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.50 | 0.35 | 0.15 | 60 | Systematic Trend | LEGIX vs ASFYX | |
| Dimensional Retirement Income Fund | 0.78 | 0.76 | 0.74 | 77 | Target Retirement Date | LEGIX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.83 | 0.74 | 0.74 | 70 | Target Retirement Date | LEGIX vs FRQHX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.83 | 0.75 | 0.74 | 65 | Target Retirement Date | LEGIX vs FRQIX |
See all 65 diversifiers for LEGIX
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