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Miller Income Fund (LMCLX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 11, 2026

The investment seeks to provide a high level of income while maintaining the potential for growth. Under normal market conditions, the fund will invest without limit primarily in cash distributing equity, and equity-like securities, fixed income securities, derivatives, and other financial instruments of issuers located anywhere in the world. It can invest without limit in foreign securities in any country, including countries with developing or emerging markets.

Looking to diversify beyond LMCLX? The mutual funds below have the lowest correlation with LMCLX — 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 LMCLX.

Best Diversifiers for LMCLX

2 mutual funds have low correlation with LMCLX (below 0.3), 1 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 -0.01, down from 0.46 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MHELX
MH Elite Small Cap Fund of Funds Fund-0.010.130.46
67
Diversified PortfolioLMCLX vs MHELX
SIFAX
SEI Institutional Managed Trust Multi-Asset Inflat...0.020.090.16
58
Diversified PortfolioLMCLX vs SIFAX
STDAX
SEI Asset Allocation Trust Defensive Strategy Allo...0.350.360.41
99
Diversified PortfolioLMCLX vs STDAX
PUDZX
PGIM Real Assets Fund0.380.530.61
87
Diversified PortfolioLMCLX vs PUDZX
TPDAX
Timothy Plan Defensive Strategies Fund0.380.460.55
52
Diversified PortfolioLMCLX vs TPDAX
See all 30 diversifiers for LMCLX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from LMCLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LMCLX and solid risk/return profiles. The least correlated is Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of 0.15, roughly unchanged from 0.16 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
LMT
Lockheed Martin Corporation0.150.110.16
59
Industrials

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Diversification Analysis

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