Looking to diversify beyond LMSMX? The mutual funds below have the lowest correlation with LMSMX — 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 LMSMX.
Best Diversifiers for LMSMX
3 mutual funds have low correlation with LMSMX (below 0.3), 0 of which are negatively correlated. The least correlated is Martin Currie SMA-Shares Series EM Fund (LCSMX) (Emerging Markets Diversified) with a 1Y correlation of 0.19, up from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Martin Currie SMA-Shares Series EM Fund | 0.19 | 0.11 | 0.06 | 97 | Emerging Markets Diversified | LMSMX vs LCSMX | |
| Martin Currie Emerging Markets Fund | 0.20 | 0.11 | 0.06 | 86 | Emerging Markets Diversified | LMSMX vs MCEMX | |
| Franklin U.S. Large Cap Equity Fund | 0.30 | 0.15 | 0.10 | 77 | Large Cap Blend Equities | LMSMX vs LMISX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.34 | 0.15 | 0.11 | 94 | Intermediate Core-Plus Bond | LMSMX vs LCTRX | |
| Holbrook Income Fund Class I | 0.34 | 0.32 | 0.37 | 98 | Intermediate Core-Plus Bond | LMSMX vs HOBIX |
See all 13 diversifiers for LMSMX
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