Looking to diversify beyond LPHIX? The mutual funds below have historically moved differently from LPHIX, 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 LPHIX
0 mutual funds have low correlation with LPHIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Class I (BDMIX) (Equity Market Neutral) with a 1Y correlation of 0.42, up from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Class ... | 0.42 | 0.24 | 0.16 | 97 | Equity Market Neutral | LPHIX vs BDMIX | |
| BlackRock Global Equity Market Neutral Fund Invest... | 0.42 | 0.24 | 0.16 | 97 | Equity Market Neutral | LPHIX vs BDMAX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.47 | 0.34 | 0.14 | 66 | Systematic Trend | LPHIX vs ASFYX | |
| BlackRock Enhanced Equity Dividend Trust | 0.66 | 0.64 | 0.70 | 64 | Derivative Income | LPHIX vs BDJ | |
| Dimensional Retirement Income Fund | 0.80 | 0.75 | 0.72 | 81 | Target Retirement Date | LPHIX vs TDIFX |
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