Looking to diversify beyond LEIFX? The mutual funds below have the lowest correlation with LEIFX — 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 LEIFX.
Best Diversifiers for LEIFX
68 mutual funds have low correlation with LEIFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Dividend Growth Fund (FDGFX) (Large Cap Blend Equities) with a 1Y correlation of 0.09, down from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Dividend Growth Fund | 0.09 | 0.45 | 0.68 | 87 | Large Cap Blend Equities, Dividend | LEIFX vs FDGFX | |
| PIMCO RAE US Fund | 0.10 | 0.51 | 0.71 | 92 | Large Cap Value Equities | LEIFX vs PKAIX | |
| Fidelity Dividend Growth Fund Class K | 0.10 | 0.45 | 0.69 | 80 | Large Cap Value Equities | LEIFX vs FDGKX | |
| GMO U.S. Equity Fund | 0.12 | 0.48 | 0.70 | 89 | Large Cap Value Equities | LEIFX vs GMUEX | |
| Fidelity SAI U.S. Value Index Fund | 0.12 | 0.54 | 0.74 | 92 | Large Cap Value Equities | LEIFX vs FSWCX |
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