Looking to diversify beyond ARCIX? The mutual funds below have the lowest correlation with ARCIX — 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 ARCIX.
Best Diversifiers for ARCIX
6 mutual funds have low correlation with ARCIX (below 0.3), 1 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund (QSPIX) (Multistrategy) with a 1Y correlation of -0.00, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund | -0.00 | -0.02 | 0.05 | 52 | Multistrategy | ARCIX vs QSPIX | |
| AQR Long-Short Equity Fund | 0.08 | 0.06 | 0.18 | 57 | Long-Short | ARCIX vs QLEIX | |
| AQR Long-Short Equity Fund Class N | 0.08 | 0.07 | 0.18 | 54 | Long-Short, Actively Managed | ARCIX vs QLENX | |
| AQR Diversified Arbitrage Fund Class I | 0.12 | 0.07 | 0.14 | 99 | Multistrategy | ARCIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 0.12 | 0.06 | 0.12 | 99 | Multistrategy | ARCIX vs ADANX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ARCIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ARCIX and solid risk/return profiles. The least correlated is Genmab A/S (GMAB) (Healthcare) with a 1Y correlation of 0.01, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Genmab A/S | 0.01 | 0.01 | 0.02 | 61 | Healthcare | |
| CRISPR Therapeutics AG | 0.02 | 0.05 | 0.06 | 52 | Healthcare | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.04 | 0.13 | 0.15 | 93 | Technology | |
| Eaton Corporation plc | 0.04 | 0.09 | 0.12 | 62 | Industrials | |
| JPMorgan Chase & Co. | 0.04 | 0.06 | 0.12 | 68 | Financial Services |
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