Looking to diversify beyond LEZIX? The mutual funds below have historically moved differently from LEZIX, 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 LEZIX
0 mutual funds have low correlation with LEZIX (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 0.40, 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 ... | 0.40 | 0.21 | 0.14 | 97 | Equity Market Neutral | LEZIX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund | 0.40 | 0.22 | 0.14 | 97 | Equity Market Neutral | LEZIX vs BDMAX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.48 | 0.35 | 0.15 | 66 | Systematic Trend | LEZIX vs ASFYX | |
| BlackRock Strategic Income Opportunities Fund Clas... | 0.57 | 0.40 | 0.39 | 64 | Total Bond Market | LEZIX vs BSIIX | |
| BlackRock Enhanced Equity Dividend Trust | 0.67 | 0.67 | 0.72 | 64 | Derivative Income | LEZIX vs BDJ |
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