Looking to diversify beyond LKBAX? The mutual funds below have the lowest correlation with LKBAX — 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 LKBAX.
Best Diversifiers for LKBAX
2 mutual funds have low correlation with LKBAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.01, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.01 | 0.11 | 0.20 | 76 | Diversified Portfolio | LKBAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.18 | 0.51 | 63 | Diversified Portfolio | LKBAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.58 | 0.63 | 95 | Diversified Portfolio | LKBAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.58 | 0.63 | 96 | Diversified Portfolio | LKBAX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.41 | 0.58 | 0.63 | 96 | Diversified Portfolio | LKBAX vs FIQDX |
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