Looking to diversify beyond LPHIX? The mutual funds below have the lowest correlation with LPHIX — 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 LPHIX.
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 Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.37, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.37 | 0.23 | 0.15 | 96 | Long-Short | LPHIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.49 | 0.33 | 0.15 | 64 | Systematic Trend | LPHIX vs ASFYX | |
| Dimensional Retirement Income Fund | 0.77 | 0.75 | 0.72 | 70 | Target Retirement Date | LPHIX vs TDIFX | |
| BlackRock Technology Opportunities Fund Investor A | 0.78 | 0.76 | 0.82 | 69 | Technology Equities | LPHIX vs BGSAX | |
| MFS Lifetime 2025 Fund | 0.81 | 0.81 | 0.85 | 61 | Target Retirement Date | LPHIX vs LTTIX |
See all 66 diversifiers for LPHIX
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Diversification Analysis
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