Looking to diversify beyond LENIX? The mutual funds below have the lowest correlation with LENIX — 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 LENIX.
Best Diversifiers for LENIX
1 mutual funds have low correlation with LENIX (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 0.26, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.26 | 0.16 | 0.10 | 92 | Long-Short | LENIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.46 | 0.26 | 0.06 | 67 | Systematic Trend | LENIX vs ASFYX | |
| Dimensional Retirement Income Fund | 0.81 | 0.86 | 0.83 | 83 | Target Retirement Date | LENIX vs TDIFX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.82 | 0.79 | 0.83 | 75 | Large Cap Growth Equities | LENIX vs NASDX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.85 | 0.89 | 0.93 | 83 | Target Retirement Date | LENIX vs DRILX |
See all 47 diversifiers for LENIX
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