Looking to diversify beyond LISIX? The mutual funds below have historically moved differently from LISIX, 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 LISIX
1 mutual funds have low correlation with LISIX (below 0.3), 0 of which are negatively correlated. The least correlated is Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX) (Convertible Bonds) with a 1Y correlation of 0.22, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lazard Enhanced Opportunities Portfolio Open Share... | 0.22 | 0.07 | 0.16 | 74 | Convertible Bonds | LISIX vs LEOOX | |
| Lazard Real Assets Portfolio | 0.41 | 0.54 | 0.62 | 90 | Global Allocation | LISIX vs RALIX | |
| Federated Hermes International Strategic Value Div... | 0.41 | 0.51 | 0.65 | 88 | Foreign Large Cap Equities | LISIX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.42 | 0.68 | 0.75 | 53 | Foreign Large Cap Equities | LISIX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.43 | 0.68 | 0.76 | 54 | Foreign Large Cap Equities | LISIX vs GSIMX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LISIX
Add LISIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LISIX