Looking to diversify beyond LGI? The mutual funds below have the lowest correlation with LGI — 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 LGI.
Best Diversifiers for LGI
6 mutual funds have low correlation with LGI (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.05, up from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.05 | 0.01 | -0.08 | 88 | Global Allocation | LGI vs LFMIX | |
| Wilmington Real Asset Fund | 0.13 | 0.36 | 0.44 | 84 | Global Allocation | LGI vs WMRIX | |
| Lazard US Short Duration Fixed Income Portfolio | 0.13 | 0.10 | 0.11 | 50 | Ultrashort Bond | LGI vs UMNIX | |
| Hartford Real Asset Fund | 0.18 | 0.35 | 0.46 | 97 | Global Allocation | LGI vs HRLYX | |
| Allspring Absolute Return Fund | 0.22 | 0.39 | 0.42 | 94 | Global Allocation | LGI vs WARAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LGI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LGI and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.25, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.25 | 0.35 | 0.44 | 78 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.26 | 0.32 | 0.42 | 63 | Financial Services | |
| AGNC Investment Corp. | 0.43 | 0.47 | 0.51 | 76 | Real Estate | |
| BlackRock Science and Technology Trust II | 0.46 | 0.54 | 0.59 | 95 | Financial Services |
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