Looking to diversify beyond LIPKX? The mutual funds below have the lowest correlation with LIPKX — 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 LIPKX.
Best Diversifiers for LIPKX
0 mutual funds have low correlation with LIPKX (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 0.31, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.31 | 0.18 | 0.12 | 92 | Long-Short | LIPKX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.49 | 0.34 | 0.15 | 67 | Systematic Trend | LIPKX vs ASFYX | |
| Dimensional Retirement Income Fund | 0.75 | 0.77 | 0.74 | 83 | Target Retirement Date | LIPKX vs TDIFX | |
| Prudential Day One Income Fund | 0.82 | 0.81 | 0.82 | 85 | Target Retirement Date | LIPKX vs PDAHX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.82 | 0.75 | 0.75 | 74 | Target Retirement Date | LIPKX vs FRQKX |
See all 62 diversifiers for LIPKX
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