Looking to diversify beyond LMGEX? The mutual funds below have historically moved differently from LMGEX, 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 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 0.28, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Western Asset Ultra-Short Income Fund | 0.28 | 0.23 | 0.26 | 98 | Ultrashort Bond | LMGEX vs ARMGX | |
| Western Asset SMASh Series M Fund | 0.46 | 0.28 | 0.20 | 54 | Intermediate Core-Plus Bond | LMGEX vs LMSMX | |
| Pear Tree Polaris Foreign Value Fund | 0.48 | 0.60 | 0.68 | 88 | Foreign Large Cap Equities | LMGEX vs QFVOX | |
| Federated Hermes International Strategic Value Div... | 0.51 | 0.59 | 0.71 | 88 | Foreign Large Cap Equities | LMGEX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.56 | 0.74 | 0.81 | 61 | Foreign Large Cap Equities | LMGEX vs GSINX |
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