Looking to diversify beyond LMVYX? The mutual funds below have historically moved differently from LMVYX, 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 LMVYX
3 mutual funds have low correlation with LMVYX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Ultra Short Bond Fund (LUBYX) (Ultrashort Bond) with a 1Y correlation of 0.12, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Ultra Short Bond Fund | 0.12 | 0.11 | 0.07 | 99 | Ultrashort Bond | LMVYX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.15 | 0.15 | 0.12 | 78 | Short-Term Bond | LMVYX vs LALDX | |
| Lord Abbett Short Duration Income Fund | 0.19 | 0.11 | 0.11 | 88 | Total Bond Market | LMVYX vs LLDYX | |
| Aegis Value Fund Class I | 0.39 | 0.48 | 0.57 | 94 | Small Cap Value Equities | LMVYX vs AVALX | |
| Lord Abbett High Yield Fund | 0.43 | 0.50 | 0.51 | 57 | High Yield Bonds | LMVYX vs LHYAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LMVYX
Add LMVYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LMVYX