Looking to diversify beyond LMSMX? The mutual funds below have historically moved differently from LMSMX, 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 LMSMX
1 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 Equities) with a 1Y correlation of 0.23, up from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Martin Currie SMA-Shares Series EM Fund | 0.23 | 0.12 | 0.07 | 83 | Emerging Markets Equities | LMSMX vs LCSMX | |
| Franklin U.S. Large Cap Equity Fund | 0.30 | 0.16 | 0.10 | 78 | Large Cap Blend Equities | LMSMX vs LMISX | |
| Western Asset Ultra-Short Income Fund | 0.33 | 0.30 | 0.25 | 98 | Ultrashort Bond | LMSMX vs ARMGX | |
| ClearBridge Global Infrastructure Income Fund | 0.34 | 0.43 | 0.34 | 77 | Infrastructure Equities, Energy Equities | LMSMX vs RGSVX | |
| ClearBridge Small Cap Fund | 0.35 | 0.18 | 0.12 | 53 | Small Cap Blend Equities | LMSMX vs LMASX |
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