Looking to diversify beyond LFMAX? The mutual funds below have historically moved differently from LFMAX, 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 LFMAX
3 mutual funds have low correlation with LFMAX (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund - Class I (QSPIX) (Multistrategy) with a 1Y correlation of 0.00, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund - Class I | 0.00 | 0.12 | 0.16 | 90 | Multistrategy | LFMAX vs QSPIX | |
| LoCorr Spectrum Income Fund | 0.19 | 0.06 | -0.03 | 55 | Diversified Portfolio | LFMAX vs LSPIX | |
| BlackRock Tactical Opportunities Fund | 0.21 | 0.18 | 0.17 | 83 | Multistrategy | LFMAX vs PCBAX | |
| Guggenheim Managed Futures Strategy Fund | 0.50 | 0.50 | 0.55 | 56 | Systematic Trend | LFMAX vs RYMTX | |
| AQR Trend Total Return Fund | 0.51 | 0.41 | — | 91 | Systematic Trend | LFMAX vs QNZNX |
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