Looking to diversify beyond LICYX? The mutual funds below have the lowest correlation with LICYX — 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 LICYX.
Best Diversifiers for LICYX
3 mutual funds have low correlation with LICYX (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 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund | 0.16 | 0.17 | 0.13 | 67 | Short-Term Bond | LICYX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.21 | 0.14 | 0.11 | 98 | Ultrashort Bond | LICYX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.29 | 0.17 | 0.16 | 69 | Total Bond Market | LICYX vs LLDYX | |
| Lord Abbett Short Duration High Yield Fund | 0.56 | 0.57 | 0.58 | 82 | High Yield Bonds | LICYX vs LSYIX | |
| Lord Abbett Short Duration High Yield Fund | 0.56 | 0.57 | 0.57 | 80 | High Yield Bonds | LICYX vs LSYAX |
See all 23 diversifiers for LICYX
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