Looking to diversify beyond LSMSX? The mutual funds below have the lowest correlation with LSMSX — 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 LSMSX.
Best Diversifiers for LSMSX
19 mutual funds have low correlation with LSMSX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.03, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.03 | 0.17 | 0.20 | 97 | Municipal Bonds | LSMSX vs DCARX | |
| Federated Hermes Conservative Municipal Microshort... | 0.03 | 0.10 | 0.08 | 98 | Municipal Bonds | LSMSX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.04 | 0.10 | 0.10 | 99 | Municipal Bonds | LSMSX vs TFCYX | |
| DFA Municipal Real Return Portfolio | 0.06 | 0.22 | 0.23 | 96 | Municipal Bonds | LSMSX vs DMREX | |
| JPMorgan Ultra-Short Municipal Fund | 0.10 | 0.29 | 0.37 | 99 | Municipal Bonds | LSMSX vs USMSX |
See all 450 diversifiers for LSMSX
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