Looking to diversify beyond LIPIX? The mutual funds below have the lowest correlation with LIPIX — 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 LIPIX.
Best Diversifiers for LIPIX
1 mutual funds have low correlation with LIPIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.29, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.29 | 0.18 | 0.11 | 92 | Long-Short | LIPIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.49 | 0.34 | 0.16 | 67 | Systematic Trend | LIPIX vs ASFYX | |
| Dimensional Retirement Income Fund | 0.75 | 0.77 | 0.74 | 83 | Target Retirement Date | LIPIX vs TDIFX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 85 | Target Retirement Date | LIPIX vs PDAHX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.82 | 0.74 | 0.71 | 72 | Target Retirement Date | LIPIX vs FRIMX |
See all 53 diversifiers for LIPIX
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