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
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 0.36, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.36 | 0.20 | 0.12 | 96 | Equity Market Neutral | LIPIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.51 | 0.35 | 0.16 | 56 | Systematic Trend | LIPIX vs ASFYX | |
| Dimensional Retirement Income Fund | 0.79 | 0.78 | 0.74 | 81 | Target Retirement Date | LIPIX vs TDIFX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.81 | 0.74 | 0.71 | 71 | Target Retirement Date | LIPIX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.82 | 0.75 | 0.75 | 71 | Target Retirement Date | LIPIX vs FRQIX |
See all 51 diversifiers for LIPIX
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