Looking to diversify beyond BQMGX? The mutual funds below have the lowest correlation with BQMGX — 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 BQMGX.
Best Diversifiers for BQMGX
0 mutual funds have low correlation with BQMGX (below 0.3), 0 of which are negatively correlated. The least correlated is Tanaka Growth Fund (TGFRX) (Mid Cap Growth Equities) with a 1Y correlation of 0.40, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tanaka Growth Fund | 0.40 | 0.56 | 0.67 | 53 | Mid Cap Growth Equities | BQMGX vs TGFRX | |
| Essex Environmental Opportunities Fund | 0.46 | 0.63 | 0.72 | 66 | Mid Cap Growth Equities | BQMGX vs EEOFX | |
| Needham Growth Fund | 0.47 | 0.62 | 0.73 | 93 | Mid Cap Growth Equities | BQMGX vs NEEGX | |
| Needham Growth Fund Institutional Class | 0.47 | 0.62 | 0.73 | 93 | Mid Cap Growth Equities | BQMGX vs NEEIX | |
| Invesco Discovery Mid Cap Growth Fund Class A | 0.51 | 0.70 | 0.81 | 56 | Mid Cap Growth Equities | BQMGX vs OEGAX |
See all 20 diversifiers for BQMGX
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