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AQR Global Equity Fund (AQGIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund seeks to outperform, after expenses, the MSCI World Index while seeking to control its tracking error relative to this benchmark. Generally, it will invest at least 80% of its net assets (including any borrowings for investment purposes) in equity and equity-related instruments (including, but not limited to, exchange-traded funds, equity index futures, equity index swaps, swaps on equity index futures, depositary receipts and real estate investment trusts or securities with similar characteristics). The fund will invest in companies with a broad range of market capitalizations.

Looking to diversify beyond AQGIX? The mutual funds below have the lowest correlation with AQGIX — 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 AQGIX.

Best Diversifiers for AQGIX

11 mutual funds have low correlation with AQGIX (below 0.3), 1 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund (QSPIX) (Multistrategy) with a 1Y correlation of -0.02, roughly unchanged from -0.02 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
QSPIX
AQR Style Premia Alternative Fund-0.020.03-0.02
52
MultistrategyAQGIX vs QSPIX
ADAIX
AQR Diversified Arbitrage Fund Class I0.070.210.39
99
MultistrategyAQGIX vs ADAIX
ADANX
AQR Diversified Arbitrage Fund Class N0.090.220.39
99
MultistrategyAQGIX vs ADANX
NWXHX
Nationwide Amundi Strategic Income Fund0.110.090.05
99
Multisector BondsAQGIX vs NWXHX
EAPCX
Parametric Commodity Strategy Fund Class A0.130.250.31
90
CommoditiesAQGIX vs EAPCX
See all 65 diversifiers for AQGIX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from AQGIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AQGIX and solid risk/return profiles. The least correlated is JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.50, down from 0.60 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
JPM
JPMorgan Chase & Co.0.500.520.60
60
Financial Services

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Diversification Analysis

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