Looking to diversify beyond LIFIX? The mutual funds below have historically moved differently from LIFIX, 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 LIFIX
4 mutual funds have low correlation with LIFIX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Multi-Asset Real Return Fund Class A (SEIAX) (Inflation-Protected Bonds) with a 1Y correlation of 0.15, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Multi-Asset Real Return Fund Class A | 0.15 | 0.30 | 0.40 | 86 | Inflation-Protected Bonds | LIFIX vs SEIAX | |
| Lord Abbett Mid Cap Stock Fund | 0.16 | 0.18 | 0.21 | 70 | Mid Cap Value Equities | LIFIX vs LAVLX | |
| Lord Abbett Affiliated Fund | 0.17 | 0.18 | 0.20 | 80 | Large Cap Value Equities | LIFIX vs LAFFX | |
| Allspring Real Return Fund | 0.25 | 0.36 | 0.50 | 66 | Inflation-Protected Bonds | LIFIX vs IPBAX | |
| Lord Abbett Short Duration Income Fund | 0.43 | 0.49 | 0.45 | 88 | Total Bond Market | LIFIX vs LLDYX |
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