Looking to diversify beyond AQMNX? The mutual funds below have the lowest correlation with AQMNX — 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 AQMNX.
Best Diversifiers for AQMNX
16 mutual funds have low correlation with AQMNX (below 0.3), 2 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of -0.22, up from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | -0.22 | -0.25 | -0.36 | 81 | Multisector Bonds | AQMNX vs JMSIX | |
| Vanguard Small-Cap Value Index Fund Admiral Shares | -0.01 | -0.06 | -0.11 | 53 | Small Cap Value Equities | AQMNX vs VSIAX | |
| AQR Diversified Arbitrage Fund Class I | 0.02 | -0.01 | -0.08 | 99 | Multistrategy | AQMNX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 0.02 | -0.02 | -0.08 | 99 | Multistrategy | AQMNX vs ADANX | |
| Calamos Market Neutral Income Fund Institutional C... | 0.06 | 0.01 | -0.11 | 98 | AQMNX vs CMNIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AQMNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AQMNX and solid risk/return profiles. The least correlated is Sun Life Financial Inc. (SLF) (Financial Services) with a 1Y correlation of -0.04, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sun Life Financial Inc. | -0.04 | -0.02 | -0.06 | 74 | Financial Services | |
| DNP Select Income Fund Inc. | 0.03 | -0.06 | -0.09 | 88 | Financial Services |
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