Looking to diversify beyond LGLAX? The mutual funds below have the lowest correlation with LGLAX — 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 LGLAX.
Best Diversifiers for LGLAX
3 mutual funds have low correlation with LGLAX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Short Duration Income Fund (LALDX) (Short-Term Bond) with a 1Y correlation of 0.15, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund | 0.15 | 0.09 | 0.10 | 67 | Short-Term Bond | LGLAX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.19 | 0.09 | 0.07 | 98 | Ultrashort Bond | LGLAX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.24 | 0.08 | 0.10 | 68 | Total Bond Market | LGLAX vs LLDYX | |
| Lord Abbett Mid Cap Stock Fund | 0.45 | 0.53 | 0.63 | 62 | Mid Cap Value Equities | LGLAX vs LAVLX | |
| Lord Abbett High Yield Fund | 0.52 | 0.48 | 0.51 | 64 | High Yield Bonds | LGLAX vs LHYAX |
See all 26 diversifiers for LGLAX
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Diversification Analysis
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