Looking to diversify beyond LUBYX? The mutual funds below have historically moved differently from LUBYX, 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 LUBYX
26 mutual funds have low correlation with LUBYX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) (Ultrashort Bond) with a 1Y correlation of 0.04, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | 0.04 | 0.09 | 0.14 | 100 | Ultrashort Bond | LUBYX vs ENIAX | |
| DFA One Year Fixed Income Portfolio | 0.08 | 0.02 | 0.21 | 100 | Ultrashort Bond | LUBYX vs DFIHX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.10 | 0.35 | 0.37 | 98 | Ultrashort Bond | LUBYX vs TRSTX | |
| Navigator Ultra Short Term Bond Fund | 0.10 | 0.09 | 0.12 | 100 | Ultrashort Bond | LUBYX vs NUSIX | |
| Tactical Multi-Purpose Fund | 0.12 | 0.02 | 0.02 | 100 | Ultrashort Bond | LUBYX vs TMPFX |
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