Looking to diversify beyond LMECX? The mutual funds below have the lowest correlation with LMECX — 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 LMECX.
Best Diversifiers for LMECX
4 mutual funds have low correlation with LMECX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.01, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.01 | 0.07 | 0.06 | 100 | High Yield Bonds | LMECX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.06 | 0.04 | 0.03 | 100 | High Yield Bonds | LMECX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.13 | 0.11 | 0.17 | 99 | High Yield Bonds | LMECX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 0.23 | 0.24 | 0.28 | 96 | High Yield Bonds | LMECX vs PRFRX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.31 | 0.43 | 0.52 | 69 | High Yield Bonds | LMECX vs FHYSX |
See all 24 diversifiers for LMECX
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