Looking to diversify beyond LIZIX? The mutual funds below have historically moved differently from LIZIX, 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 LIZIX
0 mutual funds have low correlation with LIZIX (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 0.40, 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 ... | 0.40 | 0.21 | 0.13 | 97 | Equity Market Neutral | LIZIX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund Invest... | 0.40 | 0.21 | 0.13 | 97 | Equity Market Neutral | LIZIX vs BDMAX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.49 | 0.36 | 0.15 | 66 | Systematic Trend | LIZIX vs ASFYX | |
| BlackRock Strategic Income Opportunities Fund Clas... | 0.57 | 0.40 | 0.39 | 64 | Total Bond Market | LIZIX vs BSIIX | |
| BlackRock High Yield K | 0.66 | 0.58 | 0.60 | 78 | High Yield Bonds | LIZIX vs BRHYX |
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