Looking to diversify beyond LMGTX? The mutual funds below have the lowest correlation with LMGTX — 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 LMGTX.
Best Diversifiers for LMGTX
1 mutual funds have low correlation with LMGTX (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 0.27, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Western Asset Ultra-Short Income Fund | 0.27 | 0.24 | 0.26 | 98 | Ultrashort Bond | LMGTX vs ARMGX | |
| PIMCO RAE PLUS International Fund | 0.52 | 0.53 | 0.57 | 81 | Foreign Large Cap Equities | LMGTX vs PTSIX | |
| SA International Value Fund | 0.54 | 0.56 | 0.64 | 87 | Foreign Large Cap Equities | LMGTX vs SAHMX | |
| Kopernik International Fund | 0.55 | 0.43 | 0.55 | 81 | Foreign Large Cap Equities | LMGTX vs KGIIX | |
| Thornburg Global Opportunities Fund | 0.59 | 0.69 | 0.75 | 94 | Foreign Large Cap Equities | LMGTX vs THOIX |
See all 23 diversifiers for LMGTX
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