Looking to diversify beyond LZFIX? The mutual funds below have historically moved differently from LZFIX, 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 LZFIX
10 mutual funds have low correlation with LZFIX (below 0.3), 0 of which are negatively correlated. The least correlated is Lazard Emerging Markets Equity Advantage Portfolio (LEAIX) (Emerging Markets Equities) with a 1Y correlation of 0.14, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lazard Emerging Markets Equity Advantage Portfolio | 0.14 | 0.33 | 0.45 | 63 | Emerging Markets Equities | LZFIX vs LEAIX | |
| Lazard Emerging Markets Equity Portfolio | 0.14 | 0.37 | 0.46 | 94 | Emerging Markets Equities | LZFIX vs LZEMX | |
| Lazard Developing Markets Equity Portfolio | 0.15 | 0.36 | 0.47 | 72 | Emerging Markets Equities | LZFIX vs LDMIX | |
| Neiman Large Cap Value Fund | 0.16 | 0.45 | 0.62 | 95 | Large Cap Value Equities | LZFIX vs NEIMX | |
| Voya Corporate Leaders Trust Fund | 0.23 | 0.44 | 0.56 | 93 | Large Cap Value Equities | LZFIX vs LEXCX |
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