Looking to diversify beyond LUNAX? The mutual funds below have the lowest correlation with LUNAX — 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 LUNAX.
Best Diversifiers for LUNAX
3 mutual funds have low correlation with LUNAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.23, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.23 | -0.05 | 0.07 | 58 | Diversified Portfolio | LUNAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.17 | 0.51 | 67 | Diversified Portfolio | LUNAX vs MHELX | |
| Saratoga Municipal Bond Portfolio | 0.07 | 0.21 | 0.15 | 92 | Ultrashort Bond | LUNAX vs SMBPX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.31 | 0.51 | 0.57 | 91 | Diversified Portfolio | LUNAX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.51 | 0.57 | 86 | Diversified Portfolio | LUNAX vs FCSRX |
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