Looking to diversify beyond LFLIX? The mutual funds below have the lowest correlation with LFLIX — 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 LFLIX.
Best Diversifiers for LFLIX
4 mutual funds have low correlation with LFLIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.08 | 0.23 | 0.16 | 99 | Multisector Bonds | LFLIX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | 0.13 | 0.26 | 0.17 | 99 | Multisector Bonds | LFLIX vs NWXHX | |
| CrossingBridge Responsible Credit Fund | 0.24 | 0.24 | — | 58 | Multisector Bonds | LFLIX vs CBRDX | |
| Potomac Managed Volatility Fund | 0.25 | 0.50 | 0.32 | 55 | Multisector Bonds | LFLIX vs CRMVX | |
| CrossingBridge Low Duration High Yield Fund | 0.30 | 0.27 | 0.24 | 97 | Multisector Bonds | LFLIX vs CBLDX |
See all 46 diversifiers for LFLIX
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