Looking to diversify beyond LEXNX? The mutual funds below have historically moved differently from LEXNX, 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 LEXNX
3 mutual funds have low correlation with LEXNX (below 0.3), 1 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of -0.14, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | -0.14 | 0.07 | 0.07 | 93 | Large Cap Value Equities | LEXNX vs LEXCX | |
| GMO U.S. Treasury Fund | 0.23 | 0.14 | 0.10 | 99 | Government Bonds | LEXNX vs GUSTX | |
| Voya Russell Large Cap Value Index Portfolio | 0.28 | 0.24 | 0.19 | 96 | Large Cap Value Equities | LEXNX vs IRVIX | |
| Voya Russell Large Cap Index Portfolio | 0.31 | 0.23 | 0.20 | 51 | Large Cap Blend Equities | LEXNX vs IIRLX | |
| Voya Mid Cap Research Enhanced Index Fund | 0.32 | 0.25 | 0.20 | 58 | Mid Cap Blend Equities | LEXNX vs VYMSX |
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