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
9 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 (QSPIX) (Multistrategy) with a 1Y correlation of -0.05, roughly unchanged from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund | -0.05 | 0.00 | -0.10 | 70 | Multistrategy | AUEIX vs QSPIX | |
| AQR Managed Futures Strategy HV Fund | -0.02 | -0.01 | -0.14 | 82 | Systematic Trend | AUEIX vs QMHIX | |
| AQR Managed Futures Strategy Fund | -0.01 | -0.01 | -0.13 | 90 | Systematic Trend | AUEIX vs AQMIX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.21 | 0.45 | 0.69 | 51 | Large Cap Blend Equities | AUEIX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.22 | 0.45 | 0.69 | 51 | Large Cap Blend Equities | AUEIX vs QIACX |
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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 0.22, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | 0.22 | 0.43 | 0.49 | 50 | Consumer Defensive |
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