Looking to diversify beyond CSQIX? The mutual funds below have historically moved differently from CSQIX, 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 CSQIX
16 mutual funds have low correlation with CSQIX (below 0.3), 1 of which are negatively correlated. The least correlated is GuideStone Funds Strategic Alternatives Fund (GFSYX) (Multistrategy) with a 1Y correlation of -0.16, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuideStone Funds Strategic Alternatives Fund | -0.16 | -0.05 | 0.02 | 92 | Multistrategy | CSQIX vs GFSYX | |
| FS Credit Income Fund Class I | 0.04 | 0.07 | 0.04 | 97 | Multistrategy | CSQIX vs FCRIX | |
| AQR Diversified Arbitrage Fund Class I | 0.05 | 0.08 | 0.10 | 99 | Multistrategy | CSQIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 0.05 | 0.08 | 0.10 | 99 | Multistrategy | CSQIX vs ADANX | |
| GMO Alternative Allocation Fund | 0.06 | 0.08 | 0.12 | 92 | Multistrategy | CSQIX vs GAAVX |
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