Looking to diversify beyond LSPIX? The mutual funds below have historically moved differently from LSPIX, 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 LSPIX
4 mutual funds have low correlation with LSPIX (below 0.3), 1 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of -0.05, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.05 | 0.08 | 0.36 | 66 | Diversified Portfolio | LSPIX vs MHELX | |
| LoCorr Macro Strategies Fund Class I | 0.18 | 0.05 | -0.04 | 79 | Global Allocation | LSPIX vs LFMIX | |
| LoCorr Macro Strategies Fund | 0.19 | 0.06 | -0.03 | 78 | Systematic Trend | LSPIX vs LFMAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.25 | 0.31 | 0.35 | 99 | Diversified Portfolio | LSPIX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.33 | 0.37 | 0.43 | 83 | Diversified Portfolio | LSPIX vs SIFAX |
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