Looking to diversify beyond LSYAX? The mutual funds below have the lowest correlation with LSYAX — 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 LSYAX.
Best Diversifiers for LSYAX
4 mutual funds have low correlation with LSYAX (below 0.3), 0 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 0.07 | 0.06 | 0.05 | 100 | High Yield Bonds | LSYAX vs XILSX | |
| Cliffwater Corporate Lending Fund | 0.07 | 0.08 | 0.10 | 100 | High Yield Bonds | LSYAX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.19 | 0.18 | 0.25 | 100 | High Yield Bonds | LSYAX vs RPHIX | |
| Leader Short Term High Yield Bond Fund | 0.27 | 0.27 | 0.42 | 84 | Short-Term Bond | LSYAX vs LCCMX | |
| Lord Abbett Health Care Fund | 0.34 | 0.44 | 0.44 | 58 | Health & Biotech Equities | LSYAX vs LHCIX |
See all 73 diversifiers for LSYAX
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