Looking to diversify beyond LTMKX? The mutual funds below have the lowest correlation with LTMKX — 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 LTMKX.
Best Diversifiers for LTMKX
0 mutual funds have low correlation with LTMKX (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.78, roughly unchanged from 0.74 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.78 | 0.77 | 0.74 | 77 | Target Retirement Date | LTMKX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.82 | 0.82 | 0.82 | 79 | Target Retirement Date | LTMKX vs ISOLX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.83 | 0.73 | 0.69 | 71 | Target Retirement Date | LTMKX vs FFGZX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.83 | 0.74 | 0.71 | 65 | Target Retirement Date | LTMKX vs FRIMX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.83 | 0.75 | 0.75 | 70 | Target Retirement Date | LTMKX vs FRQHX |
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