Looking to diversify beyond LGLIX? The mutual funds below have historically moved differently from LGLIX, 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 LGLIX
16 mutual funds have low correlation with LGLIX (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 | LGLIX vs LALDX | |
| Lord Abbett Short Duration Income Fund Class R6 | 0.13 | 0.09 | 0.10 | 87 | Short-Term Bond | LGLIX vs LDLVX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.14 | 0.10 | 0.09 | 88 | High Yield Muni | LGLIX vs SDHIX | |
| Lord Abbett Inflation Focused Fund Class A | 0.15 | 0.11 | 0.15 | 70 | Inflation-Protected Bonds | LGLIX vs LIFAX | |
| Lord Abbett Short Duration Core Bond Fund | 0.15 | 0.07 | 0.08 | 80 | Short-Term Bond | LGLIX vs LSCIX |
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