Looking to diversify beyond LIFLX? The mutual funds below have historically moved differently from LIFLX, 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 LIFLX
6 mutual funds have low correlation with LIFLX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.10, down from 0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.10 | 0.48 | 0.63 | 62 | Quality Factor, Large Cap Value Equities | LIFLX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.15 | 0.46 | 0.63 | 93 | Large Cap Value Equities | LIFLX vs LEXCX | |
| Federated Hermes Equity Income Fund | 0.18 | 0.54 | 0.75 | 72 | Dividend, Large Cap Value Equities | LIFLX vs LEIFX | |
| Lord Abbett Ultra Short Bond Fund | 0.20 | 0.14 | 0.07 | 99 | Ultrashort Bond | LIFLX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.25 | 0.21 | 0.13 | 78 | Short-Term Bond | LIFLX vs LALDX |
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