Looking to diversify beyond LZUSX? The mutual funds below have historically moved differently from LZUSX, 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 LZUSX
1 mutual funds have low correlation with LZUSX (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 0.12, roughly unchanged from 0.11 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... | 0.12 | 0.00 | 0.11 | 74 | Convertible Bonds | LZUSX vs LEOOX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.36 | 0.15 | 0.13 | 96 | Large Cap Blend Equities | LZUSX vs SVPFX | |
| Lazard Real Assets Portfolio | 0.38 | 0.48 | 0.56 | 90 | Global Allocation | LZUSX vs RALIX | |
| Lazard Emerging Markets Equity Advantage Portfolio | 0.43 | 0.49 | 0.55 | 70 | Emerging Markets Equities | LZUSX vs LEAIX | |
| Lazard Emerging Markets Equity Portfolio | 0.46 | 0.52 | 0.55 | 95 | Emerging Markets Equities | LZUSX vs LZEMX |
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