Looking to diversify beyond SDHIX? The mutual funds below have the lowest correlation with SDHIX — 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 SDHIX.
Best Diversifiers for SDHIX
3 mutual funds have low correlation with SDHIX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Developing Growth Fund (LAGWX) (Small Cap Growth Equities) with a 1Y correlation of 0.07, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Developing Growth Fund | 0.07 | 0.10 | 0.09 | 74 | Small Cap Growth Equities | SDHIX vs LAGWX | |
| Lord Abbett Mid Cap Stock Fund | 0.10 | 0.15 | 0.10 | 66 | Mid Cap Value Equities | SDHIX vs LAVLX | |
| Lord Abbett Affiliated Fund | 0.16 | 0.16 | 0.11 | 77 | Large Cap Value Equities | SDHIX vs LAFFX | |
| Lord Abbett High Yield Fund | 0.42 | 0.45 | 0.42 | 60 | High Yield Bonds | SDHIX vs LHYAX | |
| Lord Abbett Short Duration High Yield Fund | 0.43 | 0.45 | 0.42 | 76 | High Yield Bonds | SDHIX vs LSYAX |
See all 53 diversifiers for SDHIX
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