Looking to diversify beyond LFGIX? The mutual funds below have the lowest correlation with LFGIX — 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 LFGIX.
Best Diversifiers for LFGIX
3 mutual funds have low correlation with LFGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Short Duration Income Fund (LALDX) (Short-Term Bond) with a 1Y correlation of 0.11, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund | 0.11 | 0.08 | 0.09 | 67 | Short-Term Bond | LFGIX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.13 | 0.07 | 0.07 | 98 | Ultrashort Bond | LFGIX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.18 | 0.07 | 0.08 | 69 | Total Bond Market | LFGIX vs LLDYX | |
| Emerald Insights Fund | 0.37 | 0.76 | 0.84 | 99 | Large Cap Growth Equities | LFGIX vs EFCNX | |
| Lord Abbett Mid Cap Stock Fund | 0.41 | 0.49 | 0.60 | 51 | Mid Cap Value Equities | LFGIX vs LAVLX |
See all 23 diversifiers for LFGIX
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Diversification Analysis
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