Looking to diversify beyond LIRAX? The mutual funds below have historically moved differently from LIRAX, 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 LIRAX
0 mutual funds have low correlation with LIRAX (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 0.32, up from 0.10 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 ... | 0.32 | 0.16 | 0.10 | 97 | Equity Market Neutral | LIRAX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.42 | 0.22 | -0.03 | 66 | Systematic Trend | LIRAX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.65 | 0.62 | 0.63 | 64 | Derivative Income | LIRAX vs BDJ | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.86 | 0.82 | 0.83 | 77 | Target Retirement Date | LIRAX vs DTDRX | |
| Voya Target Retirement 2040 Fund | 0.86 | 0.87 | 0.87 | 75 | Target Retirement Date | LIRAX vs IRSOX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LIRAX
Add LIRAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LIRAX