Looking to diversify beyond LHCIX? The mutual funds below have the lowest correlation with LHCIX — 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 LHCIX.
Best Diversifiers for LHCIX
3 mutual funds have low correlation with LHCIX (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 0.16, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund | 0.16 | 0.16 | 0.15 | 76 | Short-Term Bond | LHCIX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.23 | 0.11 | 0.12 | 99 | Ultrashort Bond | LHCIX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.27 | 0.14 | 0.15 | 77 | Total Bond Market | LHCIX vs LLDYX | |
| Lord Abbett High Yield Fund | 0.31 | 0.43 | 0.45 | 64 | High Yield Bonds | LHCIX vs LHYAX | |
| Lord Abbett Short Duration High Yield Fund | 0.34 | 0.43 | 0.44 | 77 | High Yield Bonds | LHCIX vs LSYAX |
See all 27 diversifiers for LHCIX
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