Looking to diversify beyond LMISX? The mutual funds below have historically moved differently from LMISX, 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 LMISX
1 mutual funds have low correlation with LMISX (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 0.29, roughly unchanged from 0.25 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 | 0.29 | 0.21 | 0.25 | 98 | Ultrashort Bond | LMISX vs ARMGX | |
| ClearBridge Global Infrastructure Income Fund | 0.32 | 0.35 | 0.50 | 71 | Infrastructure Equities, Energy Equities | LMISX vs RGSVX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.35 | 0.15 | 0.12 | 96 | Large Cap Blend Equities | LMISX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.53 | 0.36 | 0.42 | 54 | Preferred Stock | LMISX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.57 | 0.72 | 0.82 | 91 | Large Cap Blend Equities | LMISX vs RCKSX |
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