Looking to diversify beyond LVOYX? The mutual funds below have the lowest correlation with LVOYX — 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 LVOYX.
Best Diversifiers for LVOYX
3 mutual funds have low correlation with LVOYX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Ultra Short Bond Fund (LUBYX) (Ultrashort Bond) with a 1Y correlation of 0.12, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Ultra Short Bond Fund | 0.12 | 0.11 | 0.08 | 98 | Ultrashort Bond | LVOYX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.13 | 0.18 | 0.14 | 67 | Short-Term Bond | LVOYX vs LALDX | |
| Lord Abbett Short Duration Income Fund | 0.20 | 0.11 | 0.12 | 68 | Total Bond Market | LVOYX vs LLDYX | |
| Lord Abbett High Yield Fund | 0.45 | 0.53 | 0.54 | 64 | High Yield Bonds | LVOYX vs LHYAX | |
| Lord Abbett Short Duration High Yield Fund | 0.51 | 0.54 | 0.54 | 80 | High Yield Bonds | LVOYX vs LSYIX |
See all 28 diversifiers for LVOYX
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