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Lord Abbett Growth Opportunities Fund (LMGAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 4, 2026

The investment seeks capital appreciation. Under normal conditions, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of mid-sized companies. The advisor believes these companies possess revenue and earnings growth potential that can exceed market expectations. The fund may invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, ADRs, and other similar depositary receipts. The adviser defines foreign companies as those whose securities are traded primarily on non-U.S. securities exchanges.

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

Best Diversifiers for LMGAX

3 mutual funds have low correlation with LMGAX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Ultra Short Bond Fund (LUBYX) (Ultrashort Bond) with a 1Y correlation of 0.13, roughly unchanged from 0.08 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
LUBYX
Lord Abbett Ultra Short Bond Fund0.130.090.08
98
Ultrashort BondLMGAX vs LUBYX
LALDX
Lord Abbett Short Duration Income Fund0.130.120.13
67
Short-Term BondLMGAX vs LALDX
LLDYX
Lord Abbett Short Duration Income Fund0.180.090.10
69
Total Bond MarketLMGAX vs LLDYX
LHYAX
Lord Abbett High Yield Fund0.480.510.52
67
High Yield BondsLMGAX vs LHYAX
LSYIX
Lord Abbett Short Duration High Yield Fund0.520.510.52
82
High Yield BondsLMGAX vs LSYIX
See all 20 diversifiers for LMGAX

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