Looking to diversify beyond LSMSX? The mutual funds below have historically moved differently from LSMSX, 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 LSMSX
13 mutual funds have low correlation with LSMSX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of 0.01, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | 0.01 | 0.15 | 0.21 | 89 | Municipal Bonds | LSMSX vs DCARX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.04 | 0.11 | 0.10 | 99 | Municipal Bonds | LSMSX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.07 | 0.10 | 0.08 | 99 | Municipal Bonds | LSMSX vs FHMIX | |
| DFA Municipal Real Return Portfolio | 0.08 | 0.21 | 0.24 | 92 | Municipal Bonds | LSMSX vs DMREX | |
| abrdn Ultra Short Municipal Income Fund | 0.14 | 0.13 | 0.13 | 100 | Municipal Bonds | LSMSX vs ATOIX |
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