Looking to diversify beyond LPJIX? The mutual funds below have the lowest correlation with LPJIX — 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 LPJIX.
Best Diversifiers for LPJIX
0 mutual funds have low correlation with LPJIX (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 0.34, up from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.34 | 0.21 | 0.14 | 92 | Long-Short | LPJIX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.49 | 0.29 | 0.12 | 69 | Systematic Trend | LPJIX vs ASFYX | |
| Dimensional Retirement Income Fund | 0.75 | 0.79 | 0.76 | 81 | Target Retirement Date | LPJIX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.84 | 0.86 | 0.85 | 81 | Target Retirement Date | LPJIX vs ISOLX | |
| Fidelity Managed Retirement 2010 Fund Class K | 0.84 | 0.79 | 0.78 | 71 | Target Retirement Date | LPJIX vs FRQKX |
See all 67 diversifiers for LPJIX
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