Looking to diversify beyond LGLIX? The mutual funds below have the lowest correlation with LGLIX — 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 LGLIX.
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 Inflation Focused Fund Class A (LIFAX) (Inflation-Protected Bonds) with a 1Y correlation of 0.11, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Inflation Focused Fund Class A | 0.11 | 0.11 | 0.15 | 68 | Inflation-Protected Bonds | LGLIX vs LIFAX | |
| Lord Abbett Short Duration Income Fund | 0.13 | 0.09 | 0.10 | 67 | Short-Term Bond | LGLIX vs LALDX | |
| Lord Abbett Short Duration Income Fund Class R6 | 0.14 | 0.10 | 0.09 | 77 | Short-Term Bond | LGLIX vs LDLVX | |
| Lord Abbett Short Duration High Income Municipal B... | 0.14 | 0.10 | 0.09 | 79 | High Yield Muni | LGLIX vs SDHIX | |
| Lord Abbett Inflation Focused Fund | 0.15 | 0.10 | 0.15 | 74 | Inflation-Protected Bonds | LGLIX vs LIFIX |
See all 61 diversifiers for LGLIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements LGLIX
Add LGLIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LGLIX