Looking to diversify beyond LSFYX? The mutual funds below have the lowest correlation with LSFYX — 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 LSFYX.
Best Diversifiers for LSFYX
12 mutual funds have low correlation with LSFYX (below 0.3), 2 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.04, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.04 | 0.04 | 0.10 | 80 | Bank Loan | LSFYX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | -0.02 | — | — | 98 | Bank Loan | LSFYX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 0.02 | 0.08 | 0.15 | 100 | Bank Loan | LSFYX vs RCRIX | |
| Calvert Floating-Rate Advantage Fund | 0.20 | 0.43 | 0.61 | 63 | Bank Loan | LSFYX vs CFOIX | |
| AlphaSimplex Global Alternatives Fund | 0.20 | 0.22 | 0.23 | 71 | Multistrategy | LSFYX vs GAFYX |
See all 22 diversifiers for LSFYX
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