Looking to diversify beyond LFMIX? The mutual funds below have the lowest correlation with LFMIX — 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 LFMIX.
Best Diversifiers for LFMIX
34 mutual funds have low correlation with LFMIX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Real Asset Income Fund (NRIIX) (Global Allocation) with a 1Y correlation of 0.09, up from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Real Asset Income Fund | 0.09 | -0.12 | -0.19 | 73 | Global Allocation | LFMIX vs NRIIX | |
| Calamos Global Dynamic Income Fund | 0.18 | 0.08 | -0.02 | 67 | Global Allocation | LFMIX vs CHW | |
| Nuveen Multi-Asset Income Fund | 0.20 | 0.04 | — | 68 | Global Allocation | LFMIX vs NMAI | |
| Principal Diversified Select Real Asset Fund | 0.20 | -0.03 | -0.11 | 95 | Global Allocation | LFMIX vs PDSYX | |
| Pioneer Multi-Asset Income Fund | 0.20 | 0.04 | -0.05 | 84 | Global Allocation | LFMIX vs PMFYX |
See all 50 diversifiers for LFMIX
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Diversification Analysis
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