Looking to diversify beyond LYFIX? The mutual funds below have the lowest correlation with LYFIX — 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 LYFIX.
Best Diversifiers for LYFIX
0 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 0.35, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaCentric Symmetry Strategy Fund Class I | 0.35 | 0.40 | 0.34 | 67 | Multistrategy | LYFIX vs SYMIX | |
| AlphaCentric Premium Opportunity Fund | 0.40 | 0.46 | 0.53 | 51 | Options Trading | LYFIX vs HMXIX | |
| Fidelity Select Pharmaceuticals Portfolio | 0.80 | 0.72 | 0.69 | 56 | Health & Biotech Equities | LYFIX vs FPHAX | |
| Eventide Healthcare & Life Sciences Fund | 0.81 | 0.82 | 0.84 | 80 | Health & Biotech Equities | LYFIX vs ETIHX | |
| Fidelity Advisor Biotechnology Fund Class C | 0.86 | 0.83 | 0.84 | 73 | Health & Biotech Equities | LYFIX vs FBTCX |
See all 15 diversifiers for LYFIX
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