Looking to diversify beyond LEXCX? The mutual funds below have historically moved differently from LEXCX, 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 LEXCX
201 mutual funds have low correlation with LEXCX (below 0.3), 50 of which are negatively correlated. The least correlated is Amana Growth Fund Investor Shares (AMAGX) (Large Cap Growth Equities) with a 1Y correlation of -0.16, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amana Growth Fund Investor Shares | -0.16 | 0.18 | 0.38 | 54 | Large Cap Growth Equities | LEXCX vs AMAGX | |
| Voya Limited Maturity Bond Portfolio | -0.13 | -0.00 | 0.02 | 58 | Short-Term Bond | LEXCX vs ILMBX | |
| Voya Short Term Bond Fund | -0.12 | 0.04 | 0.05 | 67 | Short-Term Bond | LEXCX vs IISBX | |
| VY BrandywineGLOBAL - Bond Portfolio | -0.09 | 0.05 | 0.01 | 55 | Intermediate Core-Plus Bond | LEXCX vs VGSBX | |
| PRIMECAP Odyssey Aggressive Growth Fund | -0.09 | 0.22 | 0.36 | 78 | Mid Cap Growth Equities | LEXCX vs POAGX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LEXCX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.01, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.02 | 0.10 | 0.17 | 83 | Healthcare | |
| Edison International | 0.21 | 0.33 | 0.40 | 91 | Utilities | |
| Berkshire Hathaway Inc. | 0.34 | 0.51 | 0.63 | 61 | Financial Services |
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