Looking to diversify beyond AUEIX? The mutual funds below have historically moved differently from AUEIX, 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 AUEIX
6 mutual funds have low correlation with AUEIX (below 0.3), 3 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund - Class I (QSPIX) (Multistrategy) with a 1Y correlation of -0.05, roughly unchanged from -0.10 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 | -0.05 | -0.00 | -0.10 | 89 | Multistrategy | AUEIX vs QSPIX | |
| AQR Managed Futures Strategy HV Fund | -0.03 | -0.01 | -0.14 | 81 | Systematic Trend | AUEIX vs QMHIX | |
| AQR Managed Futures Strategy Fund - Class I | -0.02 | -0.01 | -0.14 | 90 | Systematic Trend | AUEIX vs AQMIX | |
| AQR Alternative Risk Premia Fund - Class I | 0.24 | 0.18 | -0.01 | 98 | Multistrategy | AUEIX vs QRPIX | |
| AQR Trend Total Return Fund | 0.27 | 0.40 | — | 91 | Systematic Trend | AUEIX vs QNZNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AUEIX, 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 0.31, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.31 | 0.54 | 0.62 | 61 | Financial Services |
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