Looking to diversify beyond LGLAX? The mutual funds below have historically moved differently from LGLAX, 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 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 0.10, roughly unchanged from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund | 0.10 | 0.08 | 0.10 | 78 | Short-Term Bond | LGLAX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.17 | 0.09 | 0.08 | 99 | Ultrashort Bond | LGLAX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.22 | 0.08 | 0.10 | 88 | Total Bond Market | LGLAX vs LLDYX | |
| Lord Abbett Mid Cap Stock Fund | 0.45 | 0.52 | 0.63 | 70 | Mid Cap Value Equities | LGLAX vs LAVLX | |
| Lord Abbett High Yield Fund | 0.52 | 0.48 | 0.51 | 57 | High Yield Bonds | LGLAX vs LHYAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LGLAX
Add LGLAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LGLAX