Looking to diversify beyond LMGEX? The mutual funds below have the lowest correlation with LMGEX — 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 LMGEX.
Best Diversifiers for LMGEX
1 mutual funds have low correlation with LMGEX (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 0.26, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Western Asset Ultra-Short Income Fund | 0.26 | 0.23 | 0.25 | 98 | Ultrashort Bond | LMGEX vs ARMGX | |
| Martin Currie SMA-Shares Series EM Fund | 0.55 | 0.58 | 0.63 | 97 | Emerging Markets Diversified | LMGEX vs LCSMX | |
| Kopernik International Fund | 0.58 | 0.49 | 0.60 | 54 | Foreign Large Cap Equities | LMGEX vs KGIIX | |
| ClearBridge Global Infrastructure Income Fund | 0.60 | 0.59 | 0.67 | 54 | Energy Equities | LMGEX vs RGSVX | |
| Thornburg Global Opportunities Fund | 0.61 | 0.71 | 0.78 | 91 | Foreign Large Cap Equities | LMGEX vs THOIX |
See all 23 diversifiers for LMGEX
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