Looking to diversify beyond LMVTX? The mutual funds below have historically moved differently from LMVTX, 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 LMVTX
3 mutual funds have low correlation with LMVTX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.11, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.11 | 0.50 | 0.64 | 62 | Quality Factor, Large Cap Value Equities | LMVTX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.19 | 0.50 | 0.64 | 93 | Large Cap Value Equities | LMVTX vs LEXCX | |
| Western Asset Ultra-Short Income Fund | 0.24 | 0.19 | 0.23 | 98 | Ultrashort Bond | LMVTX vs ARMGX | |
| Federated Hermes Strategic Value Dividend Fund | 0.35 | 0.52 | 0.63 | 94 | Large Cap Value Equities | LMVTX vs SVAIX | |
| Western Asset SMASh Series M Fund | 0.36 | 0.19 | 0.08 | 54 | Intermediate Core-Plus Bond | LMVTX vs LMSMX |
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