Looking to diversify beyond ARCIX? The mutual funds below have historically moved differently from ARCIX, 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 ARCIX
6 mutual funds have low correlation with ARCIX (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund - Class I (QSPIX) (Multistrategy) with a 1Y correlation of 0.01, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund - Class I | 0.01 | -0.02 | 0.05 | 90 | Multistrategy | ARCIX vs QSPIX | |
| AQR Diversified Arbitrage Fund Class I | 0.11 | 0.08 | 0.14 | 99 | Multistrategy | ARCIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 0.12 | 0.07 | 0.12 | 99 | Multistrategy | ARCIX vs ADANX | |
| AQR Long-Short Equity Fund | 0.18 | 0.08 | 0.18 | 78 | Long-Short | ARCIX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | 0.19 | 0.08 | 0.18 | 75 | Long-Short, Actively Managed | ARCIX vs QLENX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ARCIX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.10, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.10 | -0.05 | 0.09 | 61 | Financial Services | |
| Genmab A/S | 0.03 | 0.02 | 0.03 | 69 | Healthcare | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.06 | 0.13 | 0.15 | 87 | Technology | |
| Alphabet Inc. Class A | 0.06 | 0.10 | 0.11 | 95 | Communication Services | |
| Amazon.com, Inc | 0.07 | 0.07 | 0.08 | 60 | Consumer Cyclical |
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