Looking to diversify beyond AQMNX? The mutual funds below have historically moved differently from AQMNX, 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 AQMNX
19 mutual funds have low correlation with AQMNX (below 0.3), 4 of which are negatively correlated. The least correlated is JPMorgan Income Fund Class I (JMSIX) (Multisector Bonds) with a 1Y correlation of -0.27, up from -0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund Class I | -0.27 | -0.23 | -0.37 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | AQMNX vs JMSIX | |
| Vanguard Windsor Fund Investor Shares | -0.05 | -0.06 | -0.13 | 79 | Large Cap Value Equities | AQMNX vs VWNDX | |
| Dodge & Cox Stock Fund Class I | -0.05 | -0.05 | -0.11 | 56 | Large Cap Value Equities | AQMNX vs DODGX | |
| Vanguard Small-Cap Value Index Fund Admiral Shares | -0.01 | -0.06 | -0.14 | 77 | Small Cap Value Equities | AQMNX vs VSIAX | |
| AQR Diversified Arbitrage Fund Class N | 0.05 | -0.01 | -0.09 | 99 | Multistrategy | AQMNX vs ADANX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AQMNX, 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 Sun Life Financial Inc. (SLF) (Financial Services) with a 1Y correlation of -0.15, roughly unchanged from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sun Life Financial Inc. | -0.15 | -0.04 | -0.11 | 92 | Financial Services | |
| MetLife, Inc. | -0.08 | -0.05 | -0.03 | 78 | Financial Services | |
| DNP Select Income Fund Inc. | -0.01 | -0.06 | -0.10 | 89 | Financial Services |
Build a portfolio that complements AQMNX
Add AQMNX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AQMNX