Looking to diversify beyond AQGIX? The mutual funds below have historically moved differently from AQGIX, 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 AQGIX
16 mutual funds have low correlation with AQGIX (below 0.3), 1 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund (GLEIX) (Infrastructure Equities) with a 1Y correlation of -0.08, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund | -0.08 | 0.30 | 0.48 | 82 | Infrastructure Equities, Energy Equities | AQGIX vs GLEIX | |
| AQR Style Premia Alternative R6 | 0.02 | 0.03 | -0.02 | 90 | Multistrategy | AQGIX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | 0.03 | 0.03 | -0.01 | 90 | Multistrategy | AQGIX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | 0.04 | 0.03 | -0.02 | 89 | Multistrategy | AQGIX vs QSPNX | |
| GQG Partners Global Quality Dividend Income Fund | 0.12 | 0.48 | 0.63 | 70 | Quality Factor, Global Equities | AQGIX vs GQFPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AQGIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is JPMorgan Chase & Co. (JPM) (Financial Services) with a 1Y correlation of 0.44, down from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JPMorgan Chase & Co. | 0.44 | 0.49 | 0.59 | 71 | Financial Services |
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