Looking to diversify beyond LGCYX? The mutual funds below have the lowest correlation with LGCYX — 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 LGCYX.
Best Diversifiers for LGCYX
3 mutual funds have low correlation with LGCYX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Ultra Short Bond Fund (LUBYX) (Ultrashort Bond) with a 1Y correlation of 0.16, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Ultra Short Bond Fund | 0.16 | 0.12 | 0.09 | 98 | Ultrashort Bond | LGCYX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.18 | 0.13 | 0.13 | 67 | Short-Term Bond | LGCYX vs LALDX | |
| Lord Abbett Short Duration Income Fund | 0.28 | 0.14 | 0.13 | 69 | Total Bond Market | LGCYX vs LLDYX | |
| Russell Investment Tax-Managed Real Assets Fund | 0.49 | 0.59 | 0.71 | 81 | Global Equities | LGCYX vs RTXAX | |
| T. Rowe Price Real Assets Fund | 0.50 | 0.61 | 0.72 | 57 | Global Equities | LGCYX vs PRAFX |
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