Looking to diversify beyond LMISX? The mutual funds below have the lowest correlation with LMISX — 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 LMISX.
Best Diversifiers for LMISX
2 mutual funds have low correlation with LMISX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.27, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.27 | 0.13 | 0.11 | 72 | Large Cap Blend Equities | LMISX vs SVPFX | |
| Western Asset Ultra-Short Income Fund | 0.28 | 0.20 | 0.24 | 98 | Ultrashort Bond | LMISX vs ARMGX | |
| ClearBridge Global Infrastructure Income Fund | 0.37 | 0.36 | 0.51 | 54 | Energy Equities | LMISX vs RGSVX | |
| North Square Preferred and Income Securities Fund | 0.51 | 0.36 | 0.43 | 69 | Large Cap Blend Equities | LMISX vs ORDNX | |
| Martin Currie SMA-Shares Series EM Fund | 0.60 | 0.63 | 0.64 | 97 | Emerging Markets Diversified | LMISX vs LCSMX |
See all 37 diversifiers for LMISX
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