Looking to diversify beyond LIRKX? The mutual funds below have the lowest correlation with LIRKX — 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 LIRKX.
Best Diversifiers for LIRKX
1 mutual funds have low correlation with LIRKX (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 0.24, 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 | 0.24 | 0.14 | 0.09 | 92 | Long-Short | LIRKX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.48 | 0.21 | -0.02 | 67 | Systematic Trend | LIRKX vs ASFYX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.77 | 0.72 | 0.76 | 75 | Large Cap Growth Equities | LIRKX vs NASDX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.82 | 0.83 | 0.84 | 83 | Target Retirement Date | LIRKX vs DRILX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.82 | 0.82 | 0.83 | 83 | Target Retirement Date | LIRKX vs DTDRX |
See all 73 diversifiers for LIRKX
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