Looking to diversify beyond FTQGX? The mutual funds below have historically moved differently from FTQGX, 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 FTQGX
2 mutual funds have low correlation with FTQGX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) (Municipal Bonds) with a 1Y correlation of 0.15, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Intermediate-Term Tax-Exempt Fund Investo... | 0.15 | 0.06 | 0.07 | 53 | Municipal Bonds | FTQGX vs VWITX | |
| Fidelity Select Pharmaceuticals Portfolio | 0.25 | 0.38 | 0.46 | 89 | Health & Biotech Equities | FTQGX vs FPHAX | |
| Provident Trust Strategy Fund | 0.42 | 0.58 | 0.73 | 60 | Large Cap Growth Equities | FTQGX vs PROVX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.46 | 0.38 | 0.43 | 58 | High Yield Bonds | FTQGX vs VWEHX | |
| Fidelity Equity-Income Fund | 0.52 | 0.57 | 0.68 | 94 | Large Cap Value Equities | FTQGX vs FEQIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FTQGX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.10, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.10 | 0.15 | 0.37 | 67 | Financial Services | |
| M&T Bank Corporation | 0.22 | 0.31 | 0.39 | 83 | Financial Services | |
| Delta Air Lines, Inc. | 0.48 | 0.48 | 0.50 | 89 | Industrials | |
| The Goldman Sachs Group, Inc. | 0.65 | 0.59 | 0.61 | 82 | Financial Services |
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