Looking to diversify beyond LSFYX? The mutual funds below have historically moved differently from LSFYX, 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 LSFYX
7 mutual funds have low correlation with LSFYX (below 0.3), 3 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 -0.07, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.07 | 0.02 | 0.10 | 92 | Bank Loan | LSFYX vs XPTFX | |
| Calamos Aksia Alternative Credit and Income Fund C... | -0.01 | — | — | 99 | Bank Loan | LSFYX vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | -0.00 | 0.07 | 0.15 | 99 | Bank Loan | LSFYX vs RCRIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.10 | 0.11 | 0.16 | 100 | Bank Loan, High Yield Bonds | LSFYX vs CCLFX | |
| AlphaSimplex Global Alternatives Fund | 0.27 | 0.24 | 0.24 | 75 | Multistrategy | LSFYX vs GAFYX |
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