Looking to diversify beyond LFRIX? The mutual funds below have the lowest correlation with LFRIX — 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 LFRIX.
Best Diversifiers for LFRIX
10 mutual funds have low correlation with LFRIX (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 -0.10, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.10 | -0.02 | 0.09 | 84 | Bank Loan | LFRIX vs XPTFX | |
| RiverPark Floating Rate CMBS Fund | 0.12 | 0.10 | 0.15 | 100 | Bank Loan | LFRIX vs RCRIX | |
| Lord Abbett Mid Cap Stock Fund | 0.15 | 0.23 | 0.29 | 62 | Mid Cap Value Equities | LFRIX vs LAVLX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.18 | — | — | 98 | Bank Loan | LFRIX vs CAPIX | |
| Lord Abbett Short Duration Income Fund | 0.19 | 0.20 | 0.19 | 67 | Short-Term Bond | LFRIX vs LALDX |
See all 50 diversifiers for LFRIX
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