Looking to diversify beyond LZEMX? The mutual funds below have the lowest correlation with LZEMX — 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 LZEMX.
Best Diversifiers for LZEMX
0 mutual funds have low correlation with LZEMX (below 0.3), 0 of which are negatively correlated. The least correlated is Lazard Real Assets Portfolio (RALIX) (Global Allocation) with a 1Y correlation of 0.36, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lazard Real Assets Portfolio | 0.36 | 0.50 | 0.54 | 63 | Global Allocation | LZEMX vs RALIX | |
| LSV Small Cap Value Fund | 0.46 | 0.47 | 0.53 | 58 | Small Cap Value Equities | LZEMX vs LSVQX | |
| Lazard US Corporate Income Portfolio | 0.48 | 0.43 | 0.43 | 81 | High Yield Bonds | LZEMX vs LZHYX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.49 | 0.65 | 0.69 | 87 | Emerging Markets Diversified | LZEMX vs ESCIX | |
| Fuller & Thaler Behavioral Small-Mid Core Equity F... | 0.50 | 0.51 | 0.56 | 64 | Mid Cap Blend Equities | LZEMX vs FTSIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LZEMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LZEMX and solid risk/return profiles. The least correlated is Guardant Health, Inc. (GH) (Healthcare) with a 1Y correlation of 0.21, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Guardant Health, Inc. | 0.21 | 0.29 | 0.31 | 93 | Healthcare | |
| IonQ, Inc. | 0.24 | 0.27 | 0.30 | 58 | Technology | |
| Rigetti Computing Inc | 0.29 | 0.29 | 0.28 | 69 | Technology | |
| Illumina, Inc. | 0.33 | 0.35 | 0.34 | 84 | Healthcare | |
| D-Wave Quantum Inc | 0.35 | 0.25 | — | 64 | Technology |
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