Looking to diversify beyond LFLIX? The mutual funds below have historically moved differently from LFLIX, 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 LFLIX
2 mutual funds have low correlation with LFLIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of 0.21, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.21 | 0.28 | 0.18 | 99 | Multisector Bonds | LFLIX vs NWXHX | |
| Nationwide Strategic Income A | 0.21 | 0.25 | 0.16 | 99 | Multisector Bonds | LFLIX vs NWXEX | |
| CrossingBridge Low Duration High Yield Fund | 0.33 | 0.27 | 0.24 | 96 | Multisector Bonds | LFLIX vs CBLDX | |
| Easterly Income Opportunities Fund | 0.39 | 0.58 | 0.61 | 82 | Multisector Bonds | LFLIX vs JSVIX | |
| Franklin Income Fund Advisor Class | 0.45 | 0.56 | 0.52 | 93 | Diversified Portfolio | LFLIX vs FRIAX |
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