Looking to diversify beyond AQMIX? The mutual funds below have the lowest correlation with AQMIX — 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 AQMIX.
Best Diversifiers for AQMIX
24 mutual funds have low correlation with AQMIX (below 0.3), 2 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of -0.19, up from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | -0.19 | -0.24 | -0.35 | 81 | Multisector Bonds | AQMIX vs JMSIX | |
| Baron Partners Fund | -0.05 | -0.03 | -0.11 | 72 | Large Cap Growth Equities | AQMIX vs BPTRX | |
| AQR Diversified Arbitrage Fund Class I | 0.02 | -0.01 | -0.08 | 99 | Multistrategy | AQMIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 0.02 | -0.02 | -0.08 | 99 | Multistrategy | AQMIX vs ADANX | |
| Nationwide Amundi Strategic Income Fund | 0.04 | -0.10 | 0.03 | 99 | Multisector Bonds | AQMIX vs NWXHX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AQMIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AQMIX and solid risk/return profiles. The least correlated is DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.03, up from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.03 | -0.05 | -0.09 | 88 | Financial Services |
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