Looking to diversify beyond GQEPX? The mutual funds below have historically moved differently from GQEPX, 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 GQEPX
56 mutual funds have low correlation with GQEPX (below 0.3), 52 of which are negatively correlated. The least correlated is Fidelity Advisor Semiconductors Fund Class I (FELIX) (Technology Equities) with a 1Y correlation of -0.39, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Advisor Semiconductors Fund Class I | -0.39 | 0.31 | 0.44 | 81 | Technology Equities | GQEPX vs FELIX | |
| Fidelity OTC Portfolio Class K | -0.36 | 0.41 | 0.53 | 72 | Large Cap Growth Equities | GQEPX vs FOCKX | |
| Fidelity OTC Portfolio | -0.35 | 0.41 | 0.54 | 72 | Large Cap Growth Equities | GQEPX vs FOCPX | |
| Fidelity OTC K6 Portfolio | -0.35 | 0.41 | 0.54 | 59 | Large Cap Growth Equities | GQEPX vs FOKFX | |
| American Funds The New Economy Fund Class F-1 | -0.34 | 0.40 | 0.53 | 68 | Large Cap Growth Equities | GQEPX vs ANFFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for GQEPX, 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 NNN REIT, Inc. (NNN) (Real Estate) with a 1Y correlation of 0.40, roughly unchanged from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NNN REIT, Inc. | 0.40 | 0.25 | 0.32 | 77 | Real Estate |
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