Looking to diversify beyond LPXZX? The mutual funds below have the lowest correlation with LPXZX — 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 LPXZX.
Best Diversifiers for LPXZX
2 mutual funds have low correlation with LPXZX (below 0.3), 1 of which are negatively correlated. The least correlated is Cohen & Steers MLP & Energy Opportunity Fund, Inc. (MLOZX) (Energy Equities) with a 1Y correlation of -0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | -0.04 | 0.16 | 0.20 | 97 | Energy Equities | LPXZX vs MLOZX | |
| Lord Abbett Convertible Fund Class F | 0.27 | 0.31 | 0.33 | 87 | Preferred Stock/Convertible Bonds | LPXZX vs LBFFX | |
| Fidelity Advisor Convertible Securities Fund Class... | 0.31 | 0.35 | 0.35 | 89 | Preferred Stock/Convertible Bonds | LPXZX vs FICVX | |
| Fidelity Advisor Convertible Securities Fund Class... | 0.31 | 0.35 | 0.35 | 89 | Preferred Stock/Convertible Bonds | LPXZX vs FIQVX | |
| Fidelity Advisor Convertible Securities Fund Class... | 0.31 | 0.34 | 0.35 | 88 | Preferred Stock/Convertible Bonds | LPXZX vs FTCVX |
See all 20 diversifiers for LPXZX
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