Looking to diversify beyond LEKIX? The mutual funds below have historically moved differently from LEKIX, 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 LEKIX
0 mutual funds have low correlation with LEKIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Investor A (BDMAX) (Equity Market Neutral) with a 1Y correlation of 0.38, up from 0.13 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 Invest... | 0.38 | 0.21 | 0.13 | 97 | Equity Market Neutral | LEKIX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.38 | 0.21 | 0.13 | 97 | Equity Market Neutral | LEKIX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.47 | 0.33 | 0.11 | 66 | Systematic Trend | LEKIX vs ASFYX | |
| BlackRock Strategic Income Opportunities Fund Clas... | 0.60 | 0.46 | 0.44 | 64 | Total Bond Market | LEKIX vs BSIIX | |
| Invesco Diversified Dividend Fund | 0.66 | 0.77 | 0.81 | 66 | Large Cap Value Equities | LEKIX vs LCEAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LEKIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.08, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.08 | 0.14 | 0.22 | 98 | Energy | |
| Arista Networks, Inc. | 0.50 | 0.52 | 0.58 | 71 | Technology | |
| Vertiv Holdings Co. | 0.54 | 0.53 | 0.58 | 76 | Industrials |
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