Looking to diversify beyond LSCIX? The mutual funds below have historically moved differently from LSCIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for LSCIX
11 mutual funds have low correlation with LSCIX (below 0.3), 2 of which are negatively correlated. The least correlated is Goldman Sachs Managed Futures Strategy Fund (GFIRX) (Systematic Trend) with a 1Y correlation of -0.24, roughly unchanged from -0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Managed Futures Strategy Fund | -0.24 | -0.15 | -0.30 | 75 | Systematic Trend | LSCIX vs GFIRX | |
| Federated Hermes MDT Market Neutral A | -0.05 | -0.07 | — | 54 | Long-Short | LSCIX vs QAMNX | |
| BlackRock Global Equity Market Neutral Fund | 0.01 | -0.00 | -0.02 | 97 | Equity Market Neutral | LSCIX vs BDMAX | |
| GuidePath Absolute Return Allocation Fund | 0.08 | 0.43 | 0.52 | 69 | Short-Term Bond | LSCIX vs GPARX | |
| Leader Short Term High Yield Bond Fund | 0.14 | 0.16 | 0.18 | 84 | Short-Term Bond | LSCIX vs LCCMX |
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