Looking to diversify beyond LMOIX? The mutual funds below have historically moved differently from LMOIX, 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 LMOIX
0 mutual funds have low correlation with LMOIX (below 0.3), 0 of which are negatively correlated. The least correlated is ClearBridge Dividend Strategy Fund Class I (SOPYX) (Dividend) with a 1Y correlation of 0.50, down from 0.71 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ClearBridge Dividend Strategy Fund Class I | 0.50 | 0.66 | 0.71 | 64 | Dividend | LMOIX vs SOPYX | |
| ClearBridge Value Fund Class A | 0.77 | 0.81 | 0.81 | 80 | Large Cap Value Equities | LMOIX vs LGVAX | |
| Needham Small Cap Growth Fund Institutional | 0.80 | 0.82 | 0.85 | 81 | Small Cap Growth Equities | LMOIX vs NESIX | |
| Oberweis Micro Cap Fund | 0.81 | 0.86 | 0.87 | 79 | Small Cap Growth Equities | LMOIX vs OBMCX | |
| Needham Small Cap Growth Fund | 0.82 | 0.83 | 0.85 | 80 | Small Cap Growth Equities | LMOIX vs NESGX |
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