Looking to diversify beyond LFMIX? The mutual funds below have historically moved differently from LFMIX, 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 LFMIX
48 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 0.07, up from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Real Asset Income Fund | 0.07 | -0.11 | -0.20 | 83 | Global Allocation | LFMIX vs NRIIX | |
| Loomis Sayles Global Allocation Fund | 0.13 | 0.07 | -0.06 | 54 | Global Allocation | LFMIX vs LSWWX | |
| Pioneer Multi-Asset Income Fund | 0.15 | 0.04 | -0.07 | 93 | Global Allocation | LFMIX vs PMFYX | |
| Franklin Mutual Quest Fund | 0.15 | 0.03 | -0.07 | 67 | Global Allocation | LFMIX vs MQIFX | |
| Templeton Global Balanced Fund | 0.16 | 0.03 | -0.09 | 89 | Global Allocation | LFMIX vs TZINX |
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