Looking to diversify beyond SDHIX? The mutual funds below have historically moved differently from SDHIX, 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 SDHIX
2 mutual funds have low correlation with SDHIX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Mid Cap Stock Fund (LAVLX) (Mid Cap Value Equities) with a 1Y correlation of 0.13, 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 |
|---|---|---|---|---|---|---|---|
| Lord Abbett Mid Cap Stock Fund | 0.13 | 0.16 | 0.11 | 70 | Mid Cap Value Equities | SDHIX vs LAVLX | |
| Lord Abbett Affiliated Fund | 0.16 | 0.17 | 0.11 | 80 | Large Cap Value Equities | SDHIX vs LAFFX | |
| Lord Abbett Short Duration Income Fund | 0.43 | 0.47 | 0.39 | 78 | Short-Term Bond | SDHIX vs LALDX | |
| Lord Abbett High Yield Fund | 0.45 | 0.46 | 0.42 | 57 | High Yield Bonds | SDHIX vs LHYAX | |
| Lord Abbett Ultra Short Bond Fund | 0.45 | 0.45 | 0.38 | 99 | Ultrashort Bond | SDHIX vs LUBYX |
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