Looking to diversify beyond LIRAX? The mutual funds below have the lowest correlation with LIRAX — 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 LIRAX.
Best Diversifiers for LIRAX
1 mutual funds have low correlation with LIRAX (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 0.25, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.25 | 0.15 | 0.09 | 92 | Long-Short | LIRAX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.48 | 0.21 | -0.02 | 67 | Systematic Trend | LIRAX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.78 | 0.72 | 0.76 | 75 | Large Cap Growth Equities | LIRAX vs NASDX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.82 | 0.83 | 0.84 | 83 | Target Retirement Date | LIRAX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.82 | 0.82 | 0.83 | 83 | Target Retirement Date | LIRAX vs DTDRX |
See all 68 diversifiers for LIRAX
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