Looking to diversify beyond CSQAX? The mutual funds below have historically moved differently from CSQAX, 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 CSQAX
17 mutual funds have low correlation with CSQAX (below 0.3), 0 of which are negatively correlated. The least correlated is FS Credit Income Fund Class I (FCRIX) (Multistrategy) with a 1Y correlation of 0.02, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FS Credit Income Fund Class I | 0.02 | 0.07 | 0.05 | 98 | Multistrategy | CSQAX vs FCRIX | |
| AQR Diversified Arbitrage Fund Class N | 0.04 | 0.06 | 0.11 | 99 | Multistrategy | CSQAX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 0.05 | 0.08 | 0.11 | 99 | Multistrategy | CSQAX vs ADAIX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.05 | 0.03 | -0.01 | 99 | Multistrategy | CSQAX vs SHRIX | |
| Morningstar Alternatives Fund | 0.07 | 0.15 | 0.17 | 87 | Multistrategy | CSQAX vs MSTVX |
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