Looking to diversify beyond LMGNX? The mutual funds below have the lowest correlation with LMGNX — 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 LMGNX.
Best Diversifiers for LMGNX
3 mutual funds have low correlation with LMGNX (below 0.3), 1 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLAX) (Commodities) with a 1Y correlation of -0.22, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.22 | 0.01 | 0.13 | 74 | Commodities | LMGNX vs PCLAX | |
| Emerald Insights Fund | 0.24 | 0.57 | 0.68 | 99 | Large Cap Growth Equities | LMGNX vs EFCNX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.27 | 0.29 | 0.18 | 97 | Nontraditional Bonds | LMGNX vs EGRIX | |
| Franklin Income Fund Advisor Class | 0.52 | 0.52 | 0.62 | 92 | Diversified Portfolio | LMGNX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.56 | 0.56 | 0.63 | 87 | Diversified Portfolio | LMGNX vs FKINX |
See all 32 diversifiers for LMGNX
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