Looking to diversify beyond AUEIX? The mutual funds below have the lowest correlation with AUEIX — 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 AUEIX.
Best Diversifiers for AUEIX
6 mutual funds have low correlation with AUEIX (below 0.3), 2 of which are negatively correlated. The least correlated is AQR Managed Futures Strategy HV Fund (QMHIX) (Systematic Trend) with a 1Y correlation of -0.03, up from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Managed Futures Strategy HV Fund | -0.03 | -0.01 | -0.13 | 83 | Systematic Trend | AUEIX vs QMHIX | |
| AQR Managed Futures Strategy Fund | -0.01 | -0.01 | -0.13 | 90 | Systematic Trend | AUEIX vs AQMIX | |
| AQR Alternative Risk Premia Fund | 0.25 | 0.18 | -0.00 | 95 | Multistrategy | AUEIX vs QRPIX | |
| AQR Trend Total Return Fund | 0.28 | 0.40 | — | 94 | Systematic Trend | AUEIX vs QNZNX | |
| North Square Preferred and Income Securities Fund | 0.28 | 0.27 | 0.37 | 69 | Large Cap Blend Equities | AUEIX vs ORDNX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AUEIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AUEIX and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of 0.26, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | 0.26 | 0.45 | 0.50 | 59 | Consumer Defensive |
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