Looking to diversify beyond LSYIX? The mutual funds below have historically moved differently from LSYIX, 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 LSYIX
5 mutual funds have low correlation with LSYIX (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.04, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.04 | 0.20 | 0.33 | 73 | High Yield Bonds | LSYIX vs FOCIX | |
| Pioneer ILS Interval Fund | 0.08 | 0.08 | 0.05 | 100 | High Yield Bonds | LSYIX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.10 | 0.07 | 0.10 | 100 | Bank Loan, High Yield Bonds | LSYIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.17 | 0.21 | 0.26 | 100 | High Yield Bonds | LSYIX vs RPHIX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.23 | 0.25 | 0.18 | 99 | Nontraditional Bonds | LSYIX vs EIGMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LSYIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | 0.02 | 0.08 | 66 | Consumer Defensive | |
| Realty Income Corporation | 0.04 | 0.19 | 0.22 | 77 | Real Estate | |
| Nuveen AMT-Free Quality Municipal Income Fund | 0.42 | 0.44 | 0.42 | 78 | Financial Services |
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