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
3 mutual funds have low correlation with LZEMX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.06, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.06 | 0.18 | 0.25 | 76 | Commodities | LZEMX vs FIFGX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.04 | 0.19 | 0.26 | 75 | Commodities | LZEMX vs PCLIX | |
| Lazard US Short Duration Fixed Income Portfolio | -0.03 | 0.03 | 0.02 | 50 | Ultrashort Bond | LZEMX vs UMNIX | |
| Lazard Real Assets Portfolio | 0.34 | 0.50 | 0.54 | 76 | Global Allocation | LZEMX vs RALIX | |
| Lazard US Corporate Income Portfolio | 0.45 | 0.43 | 0.42 | 86 | High Yield Bonds | LZEMX vs LZHYX |
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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 0.20, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Guardant Health, Inc. | 0.20 | 0.29 | 0.30 | 93 | Healthcare | |
| IonQ, Inc. | 0.23 | 0.26 | 0.30 | 64 | Technology | |
| Rigetti Computing Inc | 0.29 | 0.29 | 0.27 | 68 | Technology | |
| Illumina, Inc. | 0.33 | 0.35 | 0.33 | 88 | Healthcare | |
| D-Wave Quantum Inc | 0.34 | 0.26 | 0.21 | 59 | Technology |
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