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
10 mutual funds have low correlation with LMSFX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Short Term Municipal Bond Portfolio (DFSMX) (Municipal Bonds) with a 1Y correlation of 0.12, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.12 | 0.26 | 0.35 | 100 | Municipal Bonds | LMSFX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.14 | 0.28 | 0.36 | 99 | Municipal Bonds | LMSFX vs USMSX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.15 | 0.20 | 0.19 | 99 | Municipal Bonds | LMSFX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.15 | 0.18 | 0.15 | 99 | Municipal Bonds | LMSFX vs FHMIX | |
| Federated Hermes Strategic Value Dividend Fund | 0.15 | 0.21 | 0.12 | 85 | Large Cap Value Equities | LMSFX vs SVAIX |
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