Looking to diversify beyond LIZIX? The mutual funds below have the lowest correlation with LIZIX — 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 LIZIX.
Best Diversifiers for LIZIX
1 mutual funds have low correlation with LIZIX (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 0.30, 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 | 0.30 | 0.19 | 0.12 | 92 | Long-Short | LIZIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.50 | 0.35 | 0.16 | 67 | Systematic Trend | LIZIX vs ASFYX | |
| Dimensional Retirement Income Fund | 0.74 | 0.75 | 0.73 | 83 | Target Retirement Date | LIZIX vs TDIFX | |
| Fidelity Managed Retirement Income Fund Class K6 | 0.81 | 0.73 | 0.70 | 75 | Target Retirement Date | LIZIX vs FRHMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 0.81 | 0.74 | 0.74 | 72 | Target Retirement Date | LIZIX vs FRQIX |
See all 64 diversifiers for LIZIX
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