Looking to diversify beyond LFRIX? The mutual funds below have historically moved differently from LFRIX, 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 LFRIX
7 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 -0.09, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.09 | -0.03 | 0.09 | 93 | Bank Loan | LFRIX vs XPTFX | |
| RiverPark Floating Rate CMBS Fund | 0.12 | 0.07 | 0.15 | 100 | Bank Loan | LFRIX vs RCRIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.14 | 0.11 | 0.15 | 100 | Bank Loan, High Yield Bonds | LFRIX vs CCLFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 0.18 | — | — | 99 | Bank Loan | LFRIX vs CAPIX | |
| Lord Abbett Mid Cap Stock Fund | 0.19 | 0.22 | 0.29 | 70 | Mid Cap Value Equities | LFRIX vs LAVLX |
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