Looking to diversify beyond LISDX? The mutual funds below have historically moved differently from LISDX, 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 LISDX
10 mutual funds have low correlation with LISDX (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 -0.01, down from 0.25 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 | -0.01 | 0.21 | 0.25 | 91 | Municipal Bonds | LISDX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.03 | 0.21 | 0.25 | 94 | Municipal Bonds | LISDX vs DMREX | |
| DFA Short Term Municipal Bond Portfolio | 0.23 | 0.29 | 0.38 | 100 | Municipal Bonds | LISDX vs DFSMX | |
| Lord Abbett Mid Cap Stock Fund | 0.23 | 0.16 | 0.11 | 70 | Mid Cap Value Equities | LISDX vs LAVLX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.24 | 0.28 | — | 100 | Municipal Bonds | LISDX vs DFABX |
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