Looking to diversify beyond LFEDX? The mutual funds below have the lowest correlation with LFEDX — 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 LFEDX.
Best Diversifiers for LFEDX
0 mutual funds have low correlation with LFEDX (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.78, roughly unchanged from 0.78 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.78 | 0.81 | 0.78 | 83 | Target Retirement Date | LFEDX vs TDIFX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.84 | 0.91 | 0.95 | 83 | Target Retirement Date | LFEDX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.84 | 0.90 | 0.94 | 83 | Target Retirement Date | LFEDX vs DTDRX | |
| Dimensional 2055 Target Date Retirement Income Fun... | 0.85 | 0.92 | 0.95 | 82 | Target Retirement Date | LFEDX vs DRIKX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.85 | 0.79 | 0.74 | 78 | Target Retirement Date | LFEDX vs FFGZX |
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