Looking to diversify beyond LSEIX? The mutual funds below have the lowest correlation with LSEIX — 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 LSEIX.
Best Diversifiers for LSEIX
3 mutual funds have low correlation with LSEIX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Market Neutral Fund Institutional Shares (VMNIX) (Long-Short) with a 1Y correlation of -0.01, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Market Neutral Fund Institutional Shares | -0.01 | -0.01 | -0.01 | 67 | Long-Short | LSEIX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | 0.02 | 0.01 | -0.00 | 65 | Long-Short | LSEIX vs VMNFX | |
| Knights of Columbus Long/Short Equity Fund | 0.18 | 0.35 | 0.28 | 66 | Long-Short | LSEIX vs KCEIX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.31 | 0.21 | 0.14 | 92 | Long-Short | LSEIX vs BDMIX | |
| Guggenheim Alpha Opportunity Fund | 0.35 | 0.29 | 0.35 | 60 | Long-Short | LSEIX vs SAOAX |
See all 19 diversifiers for LSEIX
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