Looking to diversify beyond LMSIX? The mutual funds below have historically moved differently from LMSIX, 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 LMSIX
0 mutual funds have low correlation with LMSIX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Income Fund Advisor Class (FRIAX) (Diversified Portfolio) with a 1Y correlation of 0.48, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Income Fund Advisor Class | 0.48 | 0.55 | 0.64 | 93 | Diversified Portfolio | LMSIX vs FRIAX | |
| Franklin Income Fund Class A1 | 0.52 | 0.59 | 0.65 | 87 | Diversified Portfolio | LMSIX vs FKINX | |
| Templeton Institutional Fund International Equity ... | 0.67 | 0.67 | 0.71 | 63 | Foreign Large Cap Equities | LMSIX vs TFEQX | |
| DFA International Small Company Portfolio | 0.68 | 0.66 | 0.70 | 60 | Foreign Small & Mid Cap Equities, Small Cap Blend Equities | LMSIX vs DFISX | |
| Hennessy Cornerstone Growth Fund | 0.72 | 0.84 | 0.84 | 53 | Small Cap Blend Equities | LMSIX vs HFCGX |
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