Looking to diversify beyond LZISX? The mutual funds below have historically moved differently from LZISX, 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 LZISX
1 mutual funds have low correlation with LZISX (below 0.3), 0 of which are negatively correlated. The least correlated is Lazard Enhanced Opportunities Portfolio Open Shares (LEOOX) (Convertible Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lazard Enhanced Opportunities Portfolio Open Share... | 0.26 | 0.08 | 0.17 | 75 | Convertible Bonds | LZISX vs LEOOX | |
| Lazard Real Assets Portfolio | 0.33 | 0.52 | 0.59 | 90 | Global Allocation | LZISX vs RALIX | |
| Kopernik Global All-Cap Fund | 0.53 | 0.50 | 0.59 | 66 | Foreign Small & Mid Cap Equities | LZISX vs KGGIX | |
| AMG Yacktman Special Opportunities Fund | 0.53 | 0.57 | 0.66 | 55 | Foreign Small & Mid Cap Equities | LZISX vs YASLX | |
| Kopernik Global All-Cap Fund Class A | 0.53 | 0.50 | 0.59 | 65 | Foreign Small & Mid Cap Equities | LZISX vs KGGAX |
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