Looking to diversify beyond LIFAX? The mutual funds below have historically moved differently from LIFAX, 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 LIFAX
4 mutual funds have low correlation with LIFAX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Affiliated Fund (LAFFX) (Large Cap Value Equities) with a 1Y correlation of 0.13, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Affiliated Fund | 0.13 | 0.16 | 0.19 | 80 | Large Cap Value Equities | LIFAX vs LAFFX | |
| Lord Abbett Mid Cap Stock Fund | 0.13 | 0.17 | 0.20 | 70 | Mid Cap Value Equities | LIFAX vs LAVLX | |
| SEI Multi-Asset Real Return Fund Class A | 0.19 | 0.33 | 0.41 | 86 | Inflation-Protected Bonds | LIFAX vs SEIAX | |
| Allspring Real Return Fund | 0.28 | 0.38 | 0.51 | 66 | Inflation-Protected Bonds | LIFAX vs IPBAX | |
| Lord Abbett High Yield Fund | 0.41 | 0.40 | 0.37 | 57 | High Yield Bonds | LIFAX vs LHYAX |
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