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
30 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, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Investments Trust Opportunistic ... | 0.05 | 0.10 | 0.14 | 99 | Ultrashort Bond | LUBYX vs ENIAX | |
| DFA One Year Fixed Income Portfolio | 0.05 | 0.01 | 0.21 | 100 | Ultrashort Bond | LUBYX vs DFIHX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.08 | 0.36 | 0.37 | 99 | Ultrashort Bond | LUBYX vs TRSTX | |
| Lord Abbett Convertible Fund Class F3 | 0.08 | 0.08 | 0.09 | 77 | Convertible Bonds | LUBYX vs LOCFX | |
| Lord Abbett Convertible Fund Class F | 0.08 | 0.08 | 0.09 | 76 | Preferred Stock/Convertible Bonds | LUBYX vs LBFFX |
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