Looking to diversify beyond LPWRX? The mutual funds below have the lowest correlation with LPWRX — 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 LPWRX.
Best Diversifiers for LPWRX
0 mutual funds have low correlation with LPWRX (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 0.38, 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 | 0.38 | 0.23 | 0.15 | 96 | Long-Short | LPWRX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.49 | 0.34 | 0.16 | 64 | Systematic Trend | LPWRX vs ASFYX | |
| Dimensional Retirement Income Fund | 0.76 | 0.74 | 0.71 | 77 | Target Retirement Date | LPWRX vs TDIFX | |
| MFS Lifetime Income Fund | 0.80 | 0.77 | 0.78 | 57 | Target Retirement Date | LPWRX vs MLLIX | |
| BlackRock Technology Opportunities Fund Investor A | 0.80 | 0.77 | 0.82 | 69 | Technology Equities | LPWRX vs BGSAX |
See all 72 diversifiers for LPWRX
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