Looking to diversify beyond LOCFX? The mutual funds below have the lowest correlation with LOCFX — 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 LOCFX.
Best Diversifiers for LOCFX
3 mutual funds have low correlation with LOCFX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Short Duration Income Fund (LALDX) (Short-Term Bond) with a 1Y correlation of 0.09, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund | 0.09 | 0.13 | 0.13 | 67 | Short-Term Bond | LOCFX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.09 | 0.09 | 0.09 | 98 | Ultrashort Bond | LOCFX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.18 | 0.09 | 0.11 | 68 | Total Bond Market | LOCFX vs LLDYX | |
| Lord Abbett High Yield Fund | 0.46 | 0.52 | 0.54 | 64 | High Yield Bonds | LOCFX vs LHYAX | |
| Lord Abbett Short Duration High Yield Fund | 0.50 | 0.54 | 0.54 | 80 | High Yield Bonds | LOCFX vs LSYIX |
See all 22 diversifiers for LOCFX
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