Looking to diversify beyond LROIX? The mutual funds below have the lowest correlation with LROIX — 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 LROIX.
Best Diversifiers for LROIX
9 mutual funds have low correlation with LROIX (below 0.3), 3 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.07, up from -0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.07 | -0.26 | — | 99 | Nontraditional Bonds | LROIX vs APFPX | |
| Victory Pioneer Cat Bond Fund Class Y | -0.02 | — | — | 100 | Nontraditional Bonds | LROIX vs CBYYX | |
| T. Rowe Price Dynamic Credit Fund | -0.02 | -0.03 | -0.02 | 76 | Nontraditional Bonds | LROIX vs RPIDX | |
| Putnam Mortgage Opportunities Fund | 0.07 | -0.01 | 0.04 | 64 | Nontraditional Bonds | LROIX vs PMOTX | |
| Dunham Long/Short Credit Fund | 0.15 | -0.10 | -0.04 | 94 | Nontraditional Bonds | LROIX vs DCAIX |
See all 19 diversifiers for LROIX
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