Looking to diversify beyond LSPIX? The mutual funds below have the lowest correlation with LSPIX — 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 LSPIX.
Best Diversifiers for LSPIX
3 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 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.05 | 0.12 | 0.38 | 63 | Diversified Portfolio | LSPIX vs MHELX | |
| LoCorr Macro Strategies Fund | 0.27 | 0.05 | -0.01 | 88 | Systematic Trend | LSPIX vs LFMAX | |
| SEI Asset Allocation Trust Defensive Strategy Allo... | 0.30 | 0.34 | 0.36 | 99 | Diversified Portfolio | LSPIX vs STDAX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.33 | 0.38 | 0.44 | 76 | Diversified Portfolio | LSPIX vs SIFAX | |
| Eaton Vance Emerging Markets Local Income Fund | 0.38 | 0.39 | 0.42 | 57 | Emerging Markets Bonds | LSPIX vs EEIAX |
See all 32 diversifiers for LSPIX
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