Looking to diversify beyond LGI? The mutual funds below have historically moved differently from LGI, 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 LGI
9 mutual funds have low correlation with LGI (below 0.3), 1 of which are negatively correlated. The least correlated is Neuberger Berman MLP (NML) (MLPs) with a 1Y correlation of -0.03, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neuberger Berman MLP | -0.03 | 0.21 | 0.36 | 66 | MLPs, Energy Equities | LGI vs NML | |
| LoCorr Macro Strategies Fund Class I | 0.07 | 0.02 | -0.08 | 83 | Global Allocation | LGI vs LFMIX | |
| Wilmington Real Asset Fund | 0.12 | 0.33 | 0.43 | 92 | Global Allocation | LGI vs WMRIX | |
| Hartford Real Asset Fund | 0.13 | 0.31 | 0.45 | 97 | Global Allocation | LGI vs HRLYX | |
| Cohen & Steers Real Assets Fund Inc | 0.17 | 0.35 | 0.46 | 61 | Global Allocation | LGI vs RAPZX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LGI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.11, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.11 | 0.16 | 0.28 | 82 | Energy | |
| DNP Select Income Fund Inc. | 0.18 | 0.24 | 0.31 | 90 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.20 | 0.30 | 0.41 | 72 | Financial Services | |
| Reaves Utility Income Trust | 0.25 | 0.34 | 0.44 | 55 | Financial Services | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.30 | 0.30 | 0.30 | 62 | Technology |
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