Looking to diversify beyond LIVIX? The mutual funds below have historically moved differently from LIVIX, 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 LIVIX
21 mutual funds have low correlation with LIVIX (below 0.3), 4 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.25, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.25 | -0.06 | 0.08 | 77 | Diversified Portfolio | LIVIX vs SIFAX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.08 | -0.01 | 0.01 | 99 | Municipal Bonds | LIVIX vs TFCYX | |
| BlackRock Energy Opportunities Fund | -0.07 | 0.21 | 0.35 | 80 | Energy Equities | LIVIX vs BACIX | |
| BlackRock Energy Opportunities Fund | -0.07 | 0.21 | 0.35 | 79 | Energy Equities | LIVIX vs BACAX | |
| BlackRock Tactical Opportunities Fund Institutiona... | 0.03 | 0.28 | 0.21 | 84 | Tactical Allocation | LIVIX vs PBAIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LIVIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.39, down from 0.61 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.39 | 0.47 | 0.61 | 90 | Technology | |
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.62 | 0.68 | 0.76 | 88 |
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