Looking to diversify beyond LMSFX? The mutual funds below have the lowest correlation with LMSFX — 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 LMSFX.
Best Diversifiers for LMSFX
11 mutual funds have low correlation with LMSFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Conservative Municipal Microshort Fund (FHMIX) (Municipal Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Conservative Municipal Microshort... | 0.14 | 0.19 | 0.15 | 99 | Municipal Bonds | LMSFX vs FHMIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.14 | 0.21 | 0.12 | 90 | Large Cap Value Equities | LMSFX vs SVAIX | |
| DFA Short Term Municipal Bond Portfolio | 0.14 | 0.25 | 0.35 | 100 | Municipal Bonds | LMSFX vs DFSMX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.15 | 0.20 | 0.19 | 99 | Municipal Bonds | LMSFX vs TFCYX | |
| JPMorgan Ultra-Short Municipal Fund | 0.16 | 0.28 | 0.36 | 99 | Municipal Bonds | LMSFX vs USMSX |
See all 24 diversifiers for LMSFX
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