Looking to diversify beyond LIWKX? The mutual funds below have historically moved differently from LIWKX, 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 LIWKX
0 mutual funds have low correlation with LIWKX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.38, up from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.38 | 0.21 | 0.13 | 97 | Equity Market Neutral | LIWKX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.48 | 0.35 | 0.15 | 66 | Systematic Trend | LIWKX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.67 | 0.67 | 0.72 | 64 | Derivative Income | LIWKX vs BDJ | |
| State Street S&P 500 Index Fund Class N | 0.76 | 0.80 | 0.88 | 75 | Large Cap Blend Equities | LIWKX vs SVSPX | |
| Dimensional Retirement Income Fund | 0.79 | 0.76 | 0.73 | 81 | Target Retirement Date | LIWKX vs TDIFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LIWKX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.04, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.04 | 0.33 | 0.50 | 61 | Financial Services |
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