Looking to diversify beyond LNOIX? The mutual funds below have the lowest correlation with LNOIX — 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 LNOIX.
Best Diversifiers for LNOIX
1 mutual funds have low correlation with LNOIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.16 | 0.49 | 67 | Diversified Portfolio | LNOIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.56 | 0.61 | 88 | Diversified Portfolio | LNOIX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.57 | 0.61 | 82 | Diversified Portfolio | LNOIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.57 | 0.61 | 86 | Diversified Portfolio | LNOIX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.40 | 0.57 | 0.61 | 87 | Diversified Portfolio | LNOIX vs FSRRX |
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