Looking to diversify beyond LEHIX? The mutual funds below have the lowest correlation with LEHIX — 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 LEHIX.
Best Diversifiers for LEHIX
0 mutual funds have low correlation with LEHIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.32, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.32 | 0.18 | 0.11 | 96 | Equity Market Neutral | LEHIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.51 | 0.35 | 0.17 | 51 | Systematic Trend | LEHIX vs ASFYX | |
| Dimensional Retirement Income Fund | 0.80 | 0.78 | 0.75 | 83 | Target Retirement Date | LEHIX vs TDIFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.76 | 0.76 | 70 | Target Retirement Date | LEHIX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.82 | 0.75 | 0.72 | 70 | Target Retirement Date | LEHIX vs FRIMX |
See all 56 diversifiers for LEHIX
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