Looking to diversify beyond LSYIX? The mutual funds below have the lowest correlation with LSYIX — 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 LSYIX.
Best Diversifiers for LSYIX
4 mutual funds have low correlation with LSYIX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.04 | 0.07 | 0.09 | 100 | High Yield Bonds | LSYIX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.06 | 0.07 | 0.05 | 100 | High Yield Bonds | LSYIX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.18 | 0.18 | 0.25 | 100 | High Yield Bonds | LSYIX vs RPHIX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.23 | 0.24 | 0.17 | 99 | Nontraditional Bonds | LSYIX vs EIGMX | |
| Lord Abbett Inflation Focused Fund | 0.39 | 0.41 | 0.38 | 83 | Inflation-Protected Bonds | LSYIX vs LIFIX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LSYIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LSYIX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | 0.05 | 0.10 | 67 | Consumer Defensive | |
| Nuveen AMT-Free Quality Municipal Income Fund | 0.38 | 0.44 | 0.41 | 78 | Financial Services |
Build a portfolio that complements LSYIX
Add LSYIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LSYIX