Looking to diversify beyond LYRNX? The mutual funds below have historically moved differently from LYRNX, 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 LYRNX
0 mutual funds have low correlation with LYRNX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.42, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.42 | 0.52 | 0.65 | 88 | Foreign Large Cap Equities | LYRNX vs IVFIX | |
| Kopernik International Fund | 0.54 | 0.48 | 0.59 | 66 | Foreign Large Cap Equities | LYRNX vs KGIIX | |
| PIMCO RAE PLUS International Fund | 0.55 | 0.61 | 0.65 | 95 | Foreign Large Cap Equities | LYRNX vs PTSIX | |
| SA International Value Fund | 0.61 | 0.64 | 0.73 | 96 | Foreign Large Cap Equities | LYRNX vs SAHMX | |
| Thornburg Global Opportunities Fund | 0.63 | 0.73 | 0.79 | 89 | Foreign Large Cap Equities | LYRNX vs THOIX |
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