Looking to diversify beyond LEWIX? The mutual funds below have historically moved differently from LEWIX, 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 LEWIX
0 mutual funds have low correlation with LEWIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.39, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.39 | 0.21 | 0.14 | 97 | Equity Market Neutral | LEWIX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.49 | 0.36 | 0.15 | 66 | Systematic Trend | LEWIX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.67 | 0.67 | 0.73 | 64 | Derivative Income | LEWIX vs BDJ | |
| Dimensional Retirement Income Fund | 0.80 | 0.76 | 0.74 | 81 | Target Retirement Date | LEWIX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.80 | 0.71 | 0.66 | 53 | Target Retirement Date | LEWIX vs DRIQX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LEWIX
Add LEWIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LEWIX