Looking to diversify beyond LEIFX? The mutual funds below have historically moved differently from LEIFX, 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 LEIFX
75 mutual funds have low correlation with LEIFX (below 0.3), 1 of which are negatively correlated. The least correlated is AMG Yacktman Focused Fund (YAFFX) (Large Cap Value Equities) with a 1Y correlation of -0.07, down from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Focused Fund | -0.07 | 0.34 | 0.60 | 89 | Large Cap Value Equities | LEIFX vs YAFFX | |
| Federated Hermes MDT Market Neutral A | 0.02 | 0.06 | — | 54 | Long-Short | LEIFX vs QAMNX | |
| Fidelity Dividend Growth Fund | 0.04 | 0.40 | 0.66 | 80 | Large Cap Blend Equities, Dividend | LEIFX vs FDGFX | |
| Fidelity Dividend Growth Fund Class K | 0.04 | 0.41 | 0.66 | 69 | Large Cap Value Equities | LEIFX vs FDGKX | |
| Allspring Emerging Markets Equity Income Fund | 0.05 | 0.25 | 0.41 | 63 | Dividend, Emerging Markets Equities | LEIFX vs EQIIX |
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