Looking to diversify beyond LIRKX? The mutual funds below have historically moved differently from LIRKX, 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 LIRKX
0 mutual funds have low correlation with LIRKX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Investor A (BDMAX) (Equity Market Neutral) with a 1Y correlation of 0.31, 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 Invest... | 0.31 | 0.16 | 0.10 | 97 | Equity Market Neutral | LIRKX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.31 | 0.16 | 0.10 | 97 | Equity Market Neutral | LIRKX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.43 | 0.23 | -0.02 | 66 | Systematic Trend | LIRKX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.64 | 0.62 | 0.64 | 64 | Derivative Income | LIRKX vs BDJ | |
| BlackRock High Yield K | 0.67 | 0.66 | 0.67 | 78 | High Yield Bonds | LIRKX vs BRHYX |
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