Looking to diversify beyond LGRNX? The mutual funds below have the lowest correlation with LGRNX — 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 LGRNX.
Best Diversifiers for LGRNX
0 mutual funds have low correlation with LGRNX (below 0.3), 0 of which are negatively correlated. The least correlated is ICON Equity Fund (IOLZX) (Large Cap Growth Equities) with a 1Y correlation of 0.40, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ICON Equity Fund | 0.40 | 0.48 | 0.64 | 84 | Large Cap Growth Equities | LGRNX vs IOLZX | |
| One Rock Fund | 0.51 | 0.66 | 0.77 | 87 | Large Cap Growth Equities | LGRNX vs ONERX | |
| Rydex S&P 500 Pure Growth Fund | 0.55 | 0.63 | 0.75 | 62 | Large Cap Growth Equities | LGRNX vs RYGRX | |
| Fidelity SAI U.S. Momentum Index Fund | 0.56 | 0.68 | 0.73 | 74 | Large Cap Growth Equities | LGRNX vs FUMIX | |
| PrimeCap Odyssey Growth Fund | 0.57 | 0.67 | 0.79 | 93 | Large Cap Growth Equities | LGRNX vs POGRX |
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