Looking to diversify beyond LICYX? The mutual funds below have historically moved differently from LICYX, 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 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 0.14, roughly unchanged from 0.13 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 | 0.14 | 0.16 | 0.13 | 78 | Short-Term Bond | LICYX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.21 | 0.14 | 0.12 | 99 | Ultrashort Bond | LICYX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.29 | 0.16 | 0.16 | 88 | Total Bond Market | LICYX vs LLDYX | |
| Federated Hermes International Strategic Value Div... | 0.34 | 0.50 | 0.63 | 88 | Foreign Large Cap Equities | LICYX vs IVFIX | |
| Pear Tree Polaris Foreign Value Fund | 0.50 | 0.59 | 0.66 | 88 | Foreign Large Cap Equities | LICYX vs QFVOX |
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