Looking to diversify beyond LGCYX? The mutual funds below have historically moved differently from LGCYX, 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 LGCYX
6 mutual funds have low correlation with LGCYX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners Global Quality Dividend Income Fund (GQFPX) (Quality Factor) with a 1Y correlation of 0.02, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners Global Quality Dividend Income Fund | 0.02 | 0.43 | 0.58 | 70 | Quality Factor, Global Equities | LGCYX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.15 | 0.33 | 0.51 | 79 | Infrastructure Equities, Global Equities | LGCYX vs CSUAX | |
| Lord Abbett Short Duration Income Fund | 0.18 | 0.16 | 0.14 | 78 | Short-Term Bond | LGCYX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.21 | 0.14 | 0.10 | 99 | Ultrashort Bond | LGCYX vs LUBYX | |
| Nuveen Global Infrastructure Fund Class A | 0.23 | 0.42 | 0.59 | 66 | Infrastructure Equities, Global Equities | LGCYX vs FGIAX |
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