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 Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.30, up from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.30 | 0.16 | 0.10 | 96 | Equity Market Neutral | LIRIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.45 | 0.22 | -0.03 | 55 | Systematic Trend | LIRIX vs ASFYX | |
| Fidelity Growth Company Fund | 0.75 | 0.70 | 0.75 | 65 | Large Cap Growth Equities | LIRIX vs FDGRX | |
| Fidelity Small Cap Index Fund | 0.77 | 0.75 | 0.76 | 75 | Small Cap Blend Equities | LIRIX vs FSSNX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.78 | 0.73 | 0.76 | 53 | Large Cap Growth Equities | LIRIX vs NASDX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LIRIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LIRIX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.08, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.08 | 0.29 | 0.41 | 53 | Financial Services |
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