Looking to diversify beyond LIPIX? The mutual funds below have historically moved differently from LIPIX, 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 LIPIX
0 mutual funds have low correlation with LIPIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.34, up from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.34 | 0.18 | 0.12 | 98 | Equity Market Neutral | LIPIX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.47 | 0.35 | 0.15 | 67 | Systematic Trend | LIPIX vs ASFYX | |
| Dodge & Cox Stock Fund Class X | 0.61 | 0.76 | — | 60 | Large Cap Value Equities, Actively Managed | LIPIX vs DOXGX | |
| BlackRock Enhanced Equity Dividend Trust | 0.67 | 0.68 | 0.73 | 66 | Derivative Income | LIPIX vs BDJ | |
| Dimensional Retirement Income Fund | 0.81 | 0.78 | 0.75 | 82 | Target Retirement Date | LIPIX vs TDIFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LIPIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.62 | 0.69 | 0.76 | 89 |
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