Looking to diversify beyond LGWIX? The mutual funds below have the lowest correlation with LGWIX — 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 LGWIX.
Best Diversifiers for LGWIX
2 mutual funds have low correlation with LGWIX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.15, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.15 | 0.01 | 0.11 | 76 | Diversified Portfolio | LGWIX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.20 | 0.54 | 63 | Diversified Portfolio | LGWIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.55 | 0.59 | 96 | Diversified Portfolio | LGWIX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.55 | 0.59 | 95 | Diversified Portfolio | LGWIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.36 | 0.55 | 0.60 | 96 | Diversified Portfolio | LGWIX vs FSIRX |
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