Looking to diversify beyond RALIX? The mutual funds below have the lowest correlation with RALIX — 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 RALIX.
Best Diversifiers for RALIX
5 mutual funds have low correlation with RALIX (below 0.3), 0 of which are negatively correlated. The least correlated is Lazard US Short Duration Fixed Income Portfolio (UMNIX) (Ultrashort Bond) with a 1Y correlation of 0.14, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lazard US Short Duration Fixed Income Portfolio | 0.14 | 0.21 | 0.17 | 50 | Ultrashort Bond | RALIX vs UMNIX | |
| Lazard Developing Markets Equity Portfolio | 0.22 | 0.42 | 0.48 | 94 | Emerging Markets Diversified | RALIX vs LDMIX | |
| Lazard Emerging Markets Equity Advantage Portfolio | 0.25 | 0.43 | 0.48 | 92 | Emerging Markets Diversified | RALIX vs LEAIX | |
| Calamos Global Opportunities Fund | 0.26 | 0.41 | 0.56 | 57 | Global Allocation | RALIX vs CVLOX | |
| Lazard US Corporate Income Portfolio | 0.26 | 0.45 | 0.46 | 86 | High Yield Bonds | RALIX vs LZHYX |
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