Looking to diversify beyond LUBYX? The mutual funds below have the lowest correlation with LUBYX — 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 LUBYX.
Best Diversifiers for LUBYX
27 mutual funds have low correlation with LUBYX (below 0.3), 0 of which are negatively correlated. The least correlated is Tactical Multi-Purpose Fund (TMPFX) (Ultrashort Bond) with a 1Y correlation of 0.05, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.05 | 0.00 | 0.01 | 100 | Ultrashort Bond | LUBYX vs TMPFX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.06 | 0.08 | 0.15 | 99 | Ultrashort Bond | LUBYX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.09 | 0.06 | 0.01 | 98 | Ultrashort Bond | LUBYX vs TSDUX | |
| DFA One Year Fixed Income Portfolio | 0.09 | 0.05 | 0.21 | 99 | Ultrashort Bond | LUBYX vs DFIHX | |
| CrossingBridge Ultra-Short Duration Fund | 0.09 | 0.13 | — | 99 | Ultrashort Bond | LUBYX vs CBUDX |
See all 57 diversifiers for LUBYX
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