Looking to diversify beyond LEKIX? The mutual funds below have the lowest correlation with LEKIX — 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 LEKIX.
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 Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.30, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.30 | 0.18 | 0.12 | 92 | Long-Short | LEKIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.49 | 0.32 | 0.13 | 67 | Systematic Trend | LEKIX vs ASFYX | |
| State Street S&P 500 Index Fund Class N | 0.70 | 0.78 | 0.87 | 88 | Large Cap Blend Equities | LEKIX vs SVSPX | |
| Dimensional Retirement Income Fund | 0.76 | 0.80 | 0.77 | 83 | Target Retirement Date | LEKIX vs TDIFX | |
| Prudential Day One Income Fund | 0.85 | 0.85 | 0.86 | 85 | Target Retirement Date | LEKIX vs PDAHX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LEKIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LEKIX and solid risk/return profiles. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.06, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.06 | 0.16 | 0.25 | 93 | Energy | |
| International Business Machines Corporation | 0.36 | 0.43 | 0.47 | 53 | Technology | |
| Rigetti Computing Inc | 0.40 | 0.41 | 0.37 | 68 | Technology | |
| Arista Networks, Inc. | 0.48 | 0.50 | 0.57 | 79 | Technology | |
| Vertiv Holdings Co. | 0.49 | 0.51 | 0.58 | 94 | Industrials |
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