Looking to diversify beyond LIFLX? The mutual funds below have the lowest correlation with LIFLX — 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 LIFLX.
Best Diversifiers for LIFLX
4 mutual funds have low correlation with LIFLX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of 0.17, down from 0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | 0.17 | 0.57 | 0.77 | 67 | Large Cap Value Equities | LIFLX vs LEIFX | |
| Lord Abbett Ultra Short Bond Fund | 0.17 | 0.14 | 0.06 | 98 | Ultrashort Bond | LIFLX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.21 | 0.21 | 0.13 | 61 | Short-Term Bond | LIFLX vs LALDX | |
| Lord Abbett Short Duration Income Fund | 0.28 | 0.13 | 0.11 | 68 | Total Bond Market | LIFLX vs LLDYX | |
| Federated Hermes Strategic Value Dividend Fund | 0.42 | 0.52 | 0.66 | 80 | Large Cap Value Equities | LIFLX vs SVAIX |
See all 39 diversifiers for LIFLX
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Diversification Analysis
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