Looking to diversify beyond LIZKX? The mutual funds below have historically moved differently from LIZKX, 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 LIZKX
0 mutual funds have low correlation with LIZKX (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 0.14 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 | 0.14 | 97 | Equity Market Neutral | LIZKX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.47 | 0.35 | 0.15 | 66 | Systematic Trend | LIZKX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.67 | 0.67 | 0.72 | 64 | Derivative Income | LIZKX vs BDJ | |
| Dimensional Retirement Income Fund | 0.80 | 0.76 | 0.73 | 81 | Target Retirement Date | LIZKX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.80 | 0.71 | 0.65 | 53 | Target Retirement Date | LIZKX vs DRIQX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LIZKX, 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 Albemarle Corporation (ALB) (Basic Materials) with a 1Y correlation of 0.36, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Albemarle Corporation | 0.36 | 0.43 | 0.50 | 77 | Basic Materials |
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