Looking to diversify beyond LGILX? The mutual funds below have historically moved differently from LGILX, 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 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 0.30, roughly unchanged from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.30 | 0.27 | 0.27 | 98 | Bank Loan | LGILX vs SAMBX | |
| Schwab Fundamental US Large Company Index Fund | 0.57 | 0.63 | 0.71 | 96 | Large Cap Value Equities | LGILX vs SFLNX | |
| Davis New York Venture Fund Class Y | 0.62 | 0.68 | 0.74 | 90 | Large Cap Growth Equities | LGILX vs DNVYX | |
| Schwab Fundamental International Equity Index Fund | 0.63 | 0.56 | 0.61 | 91 | Foreign Large Cap Equities | LGILX vs SFNNX | |
| ICON Equity Fund | 0.64 | 0.57 | 0.68 | 80 | Large Cap Growth Equities | LGILX vs IOLZX |
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