Looking to diversify beyond LIRIX? The mutual funds below have the lowest correlation with LIRIX — 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 LIRIX.
Best Diversifiers for LIRIX
1 mutual funds have low correlation with LIRIX (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 0.26, 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 | 0.26 | 0.15 | 0.09 | 92 | Long-Short | LIRIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.48 | 0.20 | -0.02 | 67 | Systematic Trend | LIRIX vs ASFYX | |
| Fidelity Growth Company Fund | 0.73 | 0.70 | 0.75 | 76 | Large Cap Growth Equities | LIRIX vs FDGRX | |
| Fidelity Small Cap Index Fund | 0.75 | 0.74 | 0.76 | 64 | Small Cap Blend Equities | LIRIX vs FSSNX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.78 | 0.72 | 0.76 | 75 | Large Cap Growth Equities | LIRIX vs NASDX |
See all 88 diversifiers for LIRIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements LIRIX
Add LIRIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LIRIX