Looking to diversify beyond FQTEX? The mutual funds below have the lowest correlation with FQTEX — 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 FQTEX.
Best Diversifiers for FQTEX
2 mutual funds have low correlation with FQTEX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.02, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.18 | 0.50 | 64 | Diversified Portfolio | FQTEX vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.04 | 0.21 | 0.27 | 73 | Diversified Portfolio | FQTEX vs SIFAX | |
| PGIM Real Assets Fund | 0.44 | 0.65 | 0.68 | 89 | Diversified Portfolio | FQTEX vs PUDZX | |
| Chartwell Income Fund | 0.44 | 0.49 | 0.56 | 88 | Diversified Portfolio | FQTEX vs BERIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.46 | 0.65 | 0.68 | 96 | Diversified Portfolio | FQTEX vs FIQDX |
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