Looking to diversify beyond LEQIX? The mutual funds below have the lowest correlation with LEQIX — 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 LEQIX.
Best Diversifiers for LEQIX
11 mutual funds have low correlation with LEQIX (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.18, roughly unchanged from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.18 | -0.16 | -0.09 | 63 | Long-Short | LEQIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.16 | -0.15 | -0.08 | 62 | Long-Short | LEQIX vs VMNFX | |
| LoCorr Macro Strategies Fund | 0.04 | 0.02 | -0.04 | 87 | Systematic Trend | LEQIX vs LFMAX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.12 | 0.05 | -0.00 | 92 | Long-Short | LEQIX vs BDMIX | |
| AQR Long-Short Equity Fund | 0.15 | 0.19 | 0.19 | 53 | Long-Short | LEQIX vs QLEIX |
See all 19 diversifiers for LEQIX
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Diversification Analysis
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