Looking to diversify beyond LMASX? The mutual funds below have historically moved differently from LMASX, 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 LMASX
1 mutual funds have low correlation with LMASX (below 0.3), 0 of which are negatively correlated. The least correlated is Western Asset Ultra-Short Income Fund (ARMGX) (Ultrashort Bond) with a 1Y correlation of 0.19, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Western Asset Ultra-Short Income Fund | 0.19 | 0.15 | 0.22 | 98 | Ultrashort Bond | LMASX vs ARMGX | |
| Western Asset SMASh Series M Fund | 0.35 | 0.18 | 0.12 | 54 | Intermediate Core-Plus Bond | LMASX vs LMSMX | |
| Martin Currie SMA-Shares Series EM Fund | 0.39 | 0.44 | 0.51 | 83 | Emerging Markets Equities | LMASX vs LCSMX | |
| ClearBridge Global Infrastructure Income Fund | 0.41 | 0.44 | 0.55 | 77 | Infrastructure Equities, Energy Equities | LMASX vs RGSVX | |
| DFA International Small Company Portfolio | 0.61 | 0.63 | 0.69 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | LMASX vs DFISX |
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