Looking to diversify beyond LEZIX? The mutual funds below have the lowest correlation with LEZIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from LEZIX.
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 Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.35, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.35 | 0.20 | 0.13 | 95 | Long-Short | LEZIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.50 | 0.35 | 0.16 | 60 | Systematic Trend | LEZIX vs ASFYX | |
| Dimensional Retirement Income Fund | 0.77 | 0.76 | 0.73 | 77 | Target Retirement Date | LEZIX vs TDIFX | |
| BlackRock Technology Opportunities Fund Investor A | 0.80 | 0.79 | 0.83 | 66 | Technology Equities | LEZIX vs BGSAX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.83 | 0.73 | 0.70 | 65 | Target Retirement Date | LEZIX vs FRIMX |
See all 66 diversifiers for LEZIX
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