Looking to diversify beyond LFRAX? The mutual funds below have the lowest correlation with LFRAX — 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 LFRAX.
Best Diversifiers for LFRAX
8 mutual funds have low correlation with LFRAX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.17, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.17 | -0.03 | 0.08 | 80 | Bank Loan | LFRAX vs XPTFX | |
| RiverPark Floating Rate CMBS Fund | 0.07 | 0.07 | 0.15 | 100 | Bank Loan | LFRAX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.08 | — | — | 98 | Bank Loan | LFRAX vs CAPIX | |
| Lord Abbett Developing Growth Fund | 0.18 | 0.25 | 0.27 | 68 | Small Cap Growth Equities | LFRAX vs LAGWX | |
| Lord Abbett Ultra Short Bond Fund | 0.26 | 0.27 | 0.21 | 98 | Ultrashort Bond | LFRAX vs LUBYX |
See all 23 diversifiers for LFRAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements LFRAX
Add LFRAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LFRAX