Looking to diversify beyond LLDYX? The mutual funds below have historically moved differently from LLDYX, 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 LLDYX
10 mutual funds have low correlation with LLDYX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Micro Cap Growth Fund (LMIYX) (Small Cap Growth Equities) with a 1Y correlation of 0.21, roughly unchanged from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Micro Cap Growth Fund | 0.21 | 0.11 | 0.12 | 65 | Small Cap Growth Equities | LLDYX vs LMIYX | |
| Lord Abbett Mid Cap Stock Fund | 0.22 | 0.13 | 0.12 | 66 | Mid Cap Value Equities | LLDYX vs LAVLX | |
| Lord Abbett Dividend Growth Fund | 0.23 | 0.12 | 0.12 | 56 | Large Cap Blend Equities | LLDYX vs LAMYX | |
| Lord Abbett Affiliated Fund | 0.24 | 0.13 | 0.11 | 79 | Large Cap Value Equities | LLDYX vs LAFFX | |
| Palmer Square Income Plus Fund | 0.25 | 0.37 | 0.38 | 89 | Ultrashort Bond | LLDYX vs PSYPX |
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