Looking to diversify beyond LMCLX? The mutual funds below have historically moved differently from LMCLX, 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 LMCLX
2 mutual funds have low correlation with LMCLX (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 0.02, down from 0.45 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 | 0.02 | 0.12 | 0.45 | 66 | Diversified Portfolio | LMCLX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.02 | 0.08 | 0.16 | 83 | Diversified Portfolio | LMCLX vs SIFAX | |
| AB Emerging Markets Multi-Asset Portfolio | 0.31 | 0.42 | 0.53 | 62 | Diversified Portfolio | LMCLX vs ABIEX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.32 | 0.35 | 0.40 | 99 | Diversified Portfolio | LMCLX vs STDAX | |
| Abraham Fortress Fund | 0.34 | 0.44 | — | 93 | Diversified Portfolio | LMCLX vs FORTX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LMCLX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of 0.14, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | 0.14 | 0.11 | 0.16 | 80 | Industrials |
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