Looking to diversify beyond LYFIX? The mutual funds below have historically moved differently from LYFIX, 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 LYFIX
1 mutual funds have low correlation with LYFIX (below 0.3), 0 of which are negatively correlated. The least correlated is AlphaCentric Symmetry Strategy Fund Class I (SYMIX) (Multistrategy) with a 1Y correlation of 0.26, roughly unchanged from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaCentric Symmetry Strategy Fund Class I | 0.26 | 0.37 | 0.32 | 84 | Multistrategy | LYFIX vs SYMIX | |
| Fidelity Select Health Care Services Portfolio | 0.35 | 0.39 | 0.45 | 66 | Health & Biotech Equities | LYFIX vs FSHCX | |
| Abrdn Healthcare Opportunities Fund | 0.52 | 0.59 | 0.57 | 55 | Health & Biotech Equities | LYFIX vs THQ | |
| abrdn World Healthcare Fund | 0.61 | 0.55 | 0.51 | 82 | Health & Biotech Equities | LYFIX vs THW | |
| Saratoga Health & Biotechnology Fund | 0.66 | 0.67 | 0.63 | 74 | Health & Biotech Equities | LYFIX vs SHPAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements LYFIX
Add LYFIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LYFIX