Looking to diversify beyond LZEMX? The mutual funds below have historically moved differently from LZEMX, 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 LZEMX
3 mutual funds have low correlation with LZEMX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.02, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.02 | 0.16 | 0.25 | 74 | Commodities | LZEMX vs FIFGX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.00 | 0.17 | 0.25 | 67 | Commodities | LZEMX vs PCLIX | |
| Lazard Enhanced Opportunities Portfolio Open Share... | 0.21 | 0.06 | 0.14 | 69 | Convertible Bonds | LZEMX vs LEOOX | |
| The Cook & Bynum Fund | 0.30 | 0.40 | 0.47 | 62 | Emerging Markets Equities | LZEMX vs COBYX | |
| MFS Value Fund Class I | 0.32 | 0.41 | 0.48 | 79 | Large Cap Value Equities | LZEMX vs MEIIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for LZEMX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.15, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.15 | 0.12 | 0.28 | 67 | Financial Services | |
| Guardant Health, Inc. | 0.20 | 0.28 | 0.30 | 98 | Healthcare | |
| Illumina, Inc. | 0.27 | 0.34 | 0.33 | 92 | Healthcare | |
| D-Wave Quantum Inc | 0.38 | 0.27 | 0.23 | 55 | Technology |
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