Looking to diversify beyond LIZKX? The mutual funds below have the lowest correlation with LIZKX — 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 LIZKX.
Best Diversifiers for LIZKX
0 mutual funds have low correlation with LIZKX (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 0.35, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.35 | 0.20 | 0.13 | 95 | Long-Short | LIZKX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.50 | 0.35 | 0.16 | 60 | Systematic Trend | LIZKX vs ASFYX | |
| Dimensional Retirement Income Fund | 0.78 | 0.75 | 0.73 | 77 | Target Retirement Date | LIZKX vs TDIFX | |
| Prudential Day One Income Fund | 0.81 | 0.80 | 0.81 | 79 | Target Retirement Date | LIZKX vs PDAHX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.82 | 0.73 | 0.74 | 70 | Target Retirement Date | LIZKX vs FRQHX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LIZKX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LIZKX and solid risk/return profiles. The least correlated is Albemarle Corporation (ALB) (Basic Materials) with a 1Y correlation of 0.38, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Albemarle Corporation | 0.38 | 0.46 | 0.53 | 92 | Basic Materials |
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