Looking to diversify beyond LKBLX? The mutual funds below have historically moved differently from LKBLX, 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 LKBLX
4 mutual funds have low correlation with LKBLX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.03, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.11 | 0.47 | 66 | Diversified Portfolio | LKBLX vs MHELX | |
| AB Emerging Markets Multi-Asset Portfolio | 0.24 | 0.41 | 0.50 | 62 | Diversified Portfolio | LKBLX vs ABIEX | |
| Standpoint Multi-Asset Fund Institutional | 0.29 | 0.44 | 0.50 | 84 | Diversified Portfolio | LKBLX vs BLNDX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.30 | 0.34 | 0.38 | 99 | Diversified Portfolio | LKBLX vs STDAX | |
| Allspring Diversified Capital Builder Fund | 0.32 | 0.54 | 0.68 | 87 | Diversified Portfolio | LKBLX vs EKBAX |
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