Looking to diversify beyond LEQIX? The mutual funds below have historically moved differently from LEQIX, 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 LEQIX
12 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 -0.19, roughly unchanged from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.19 | -0.18 | -0.12 | 97 | Long-Short | LEQIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.18 | -0.17 | -0.11 | 97 | Long-Short | LEQIX vs VMNFX | |
| Knights of Columbus Long/Short Equity Fund | 0.06 | 0.22 | 0.17 | 95 | Long-Short | LEQIX vs KCEIX | |
| LoCorr Macro Strategies Fund | 0.07 | 0.03 | -0.05 | 82 | Systematic Trend | LEQIX vs LFMAX | |
| LoCorr Macro Strategies Fund Class I | 0.07 | 0.03 | -0.05 | 83 | Global Allocation | LEQIX vs LFMIX |
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