Looking to diversify beyond LHCIX? The mutual funds below have historically moved differently from LHCIX, 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 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 0.18, roughly unchanged from 0.15 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 | 0.18 | 0.16 | 0.15 | 78 | Short-Term Bond | LHCIX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.24 | 0.12 | 0.12 | 99 | Ultrashort Bond | LHCIX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.27 | 0.14 | 0.15 | 88 | Total Bond Market | LHCIX vs LLDYX | |
| Lord Abbett High Yield Fund | 0.31 | 0.44 | 0.45 | 57 | High Yield Bonds | LHCIX vs LHYAX | |
| Lord Abbett Short Duration High Yield Fund | 0.35 | 0.44 | 0.44 | 75 | High Yield Bonds | LHCIX vs LSYAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LHCIX
Add LHCIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LHCIX