Looking to diversify beyond LSDIX? The mutual funds below have historically moved differently from LSDIX, 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 LSDIX
7 mutual funds have low correlation with LSDIX (below 0.3), 1 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of -0.07, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | -0.07 | 0.02 | 0.15 | 84 | Short-Term Bond | LSDIX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.10 | 0.56 | 0.66 | 69 | Short-Term Bond | LSDIX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.20 | 0.09 | 0.41 | 100 | Short-Term Bond | LSDIX vs DFCFX | |
| Gateway Fund | 0.25 | 0.15 | 0.13 | 62 | Options Trading | LSDIX vs GATEX | |
| Gateway Fund Class Y Shares | 0.25 | 0.15 | 0.13 | 64 | Options Trading | LSDIX vs GTEYX |
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