Looking to diversify beyond LLDYX? The mutual funds below have the lowest correlation with LLDYX — 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 LLDYX.
Best Diversifiers for LLDYX
17 mutual funds have low correlation with LLDYX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Convertible Fund (LCFYX) (Convertible Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Convertible Fund | 0.17 | 0.10 | 0.12 | 82 | Convertible Bonds | LLDYX vs LCFYX | |
| Lord Abbett Convertible Fund Class F | 0.17 | 0.10 | 0.12 | 82 | Preferred Stock/Convertible Bonds | LLDYX vs LBFFX | |
| Lord Abbett Convertible Fund Class F3 | 0.18 | 0.10 | 0.11 | 82 | Convertible Bonds | LLDYX vs LOCFX | |
| Lord Abbett Developing Growth Fund | 0.18 | 0.08 | 0.10 | 74 | Small Cap Growth Equities | LLDYX vs LAGWX | |
| Lord Abbett Developing Growth Fund Class I | 0.18 | 0.08 | 0.10 | 75 | Small Cap Growth Equities | LLDYX vs LADYX |
See all 51 diversifiers for LLDYX
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