Looking to diversify beyond LKBAX? The mutual funds below have historically moved differently from LKBAX, 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 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 -0.03, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.03 | 0.08 | 0.18 | 77 | Diversified Portfolio | LKBAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.15 | 0.49 | 66 | Diversified Portfolio | LKBAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.37 | 0.55 | 0.61 | 87 | Diversified Portfolio | LKBAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.54 | 0.61 | 88 | Diversified Portfolio | LKBAX vs FSRTX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.54 | 0.61 | 90 | Diversified Portfolio | LKBAX vs FIQDX |
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