Looking to diversify beyond LISAX? The mutual funds below have historically moved differently from LISAX, 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 LISAX
13 mutual funds have low correlation with LISAX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.00, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.00 | 0.18 | 0.23 | 91 | Municipal Bonds | LISAX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.21 | 0.25 | 94 | Municipal Bonds | LISAX vs DMREX | |
| Lord Abbett Mid Cap Stock Fund | 0.20 | 0.15 | 0.10 | 70 | Mid Cap Value Equities | LISAX vs LAVLX | |
| Lord Abbett Affiliated Fund | 0.23 | 0.16 | 0.11 | 80 | Large Cap Value Equities | LISAX vs LAFFX | |
| JPMorgan Ultra-Short Municipal Fund | 0.25 | 0.34 | 0.40 | 98 | Municipal Bonds | LISAX vs USMSX |
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