Looking to diversify beyond LEOOX? The mutual funds below have the lowest correlation with LEOOX — 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 LEOOX.
Best Diversifiers for LEOOX
13 mutual funds have low correlation with LEOOX (below 0.3), 0 of which are negatively correlated. The least correlated is Lazard Real Assets Portfolio (RALIX) (Global Allocation) with a 1Y correlation of 0.01, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lazard Real Assets Portfolio | 0.01 | -0.01 | 0.09 | 87 | Global Allocation | LEOOX vs RALIX | |
| Miller Convertible Bond Fund | 0.19 | 0.07 | 0.17 | 87 | Convertible Bonds | LEOOX vs MCIFX | |
| Calamos Convertible Opportunities and Income Fund | 0.19 | 0.05 | 0.11 | 79 | Convertible Bonds | LEOOX vs CHI | |
| Lazard Emerging Markets Equity Portfolio | 0.20 | 0.05 | 0.14 | 92 | Emerging Markets Equities | LEOOX vs LZEMX | |
| Calamos Convertible and High Income Closed Fund | 0.20 | 0.05 | 0.15 | 71 | Convertible Bonds | LEOOX vs CHY |
See all 14 diversifiers for LEOOX
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