Looking to diversify beyond LIWKX? The mutual funds below have the lowest correlation with LIWKX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from LIWKX.
Best Diversifiers for LIWKX
1 mutual funds have low correlation with LIWKX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.29, up from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.29 | 0.19 | 0.12 | 92 | Long-Short | LIWKX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.49 | 0.34 | 0.16 | 67 | Systematic Trend | LIWKX vs ASFYX | |
| State Street S&P 500 Index Fund Class N | 0.71 | 0.80 | 0.88 | 88 | Large Cap Blend Equities | LIWKX vs SVSPX | |
| Dimensional Retirement Income Fund | 0.74 | 0.75 | 0.73 | 83 | Target Retirement Date | LIWKX vs TDIFX | |
| Fidelity Freedom Income Fund Class K | 0.80 | 0.70 | 0.69 | 75 | Target Retirement Date | LIWKX vs FNSHX |
See all 70 diversifiers for LIWKX
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