Looking to diversify beyond FQITX? The mutual funds below have historically moved differently from FQITX, 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 FQITX
2 mutual funds have low correlation with FQITX (below 0.3), 1 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of -0.06, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | -0.06 | 0.34 | 0.46 | 62 | Quality Factor, Large Cap Value Equities | FQITX vs GQHPX | |
| GQG Partners Global Quality Dividend Income Fund | 0.22 | 0.53 | 0.61 | 70 | Quality Factor, Global Equities | FQITX vs GQFPX | |
| Federated Hermes International Strategic Value Div... | 0.46 | 0.58 | 0.66 | 88 | Foreign Large Cap Equities | FQITX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.48 | 0.68 | 0.75 | 61 | Foreign Large Cap Equities | FQITX vs GSINX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.49 | 0.69 | 0.75 | 61 | Foreign Large Cap Equities | FQITX vs GSIMX |
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