Looking to diversify beyond LGILX? The mutual funds below have the lowest correlation with LGILX — 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 LGILX.
Best Diversifiers for LGILX
1 mutual funds have low correlation with LGILX (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Seix Floating Rate High Income Fund (SAMBX) (Bank Loan) with a 1Y correlation of 0.26, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.26 | 0.26 | 0.26 | 97 | Bank Loan | LGILX vs SAMBX | |
| Baron Partners Fund | 0.53 | 0.63 | 0.71 | 72 | Large Cap Growth Equities | LGILX vs BPTRX | |
| ICON Equity Fund | 0.58 | 0.56 | 0.68 | 84 | Large Cap Growth Equities | LGILX vs IOLZX | |
| Schwab Fundamental US Large Company Index Fund | 0.59 | 0.65 | 0.71 | 92 | Large Cap Value Equities | LGILX vs SFLNX | |
| Schwab Fundamental International Equity Index Fund | 0.61 | 0.56 | 0.61 | 86 | Foreign Large Cap Equities | LGILX vs SFNNX |
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