Looking to diversify beyond LEJIX? The mutual funds below have historically moved differently from LEJIX, 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 LEJIX
0 mutual funds have low correlation with LEJIX (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 0.36, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.36 | 0.20 | 0.12 | 97 | Equity Market Neutral | LEJIX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.46 | 0.31 | 0.09 | 66 | Systematic Trend | LEJIX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.67 | 0.67 | 0.71 | 64 | Derivative Income | LEJIX vs BDJ | |
| Dimensional Retirement Income Fund | 0.84 | 0.83 | 0.80 | 81 | Target Retirement Date | LEJIX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.86 | 0.80 | 0.74 | 53 | Target Retirement Date | LEJIX vs DRIQX |
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