Looking to diversify beyond GQFPX? The mutual funds below have historically moved differently from GQFPX, 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 GQFPX
76 mutual funds have low correlation with GQFPX (below 0.3), 5 of which are negatively correlated. The least correlated is American Funds The New Economy Fund Class R-3 (RNGCX) (Global Equities) with a 1Y correlation of -0.11, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| American Funds The New Economy Fund Class R-3 | -0.11 | 0.31 | 0.44 | 63 | Global Equities | GQFPX vs RNGCX | |
| American Funds The New Economy Fund® Class F-2 | -0.11 | 0.31 | 0.44 | 70 | Global Equities | GQFPX vs NEFFX | |
| American Funds The New Economy Fund Class A | -0.10 | 0.32 | 0.45 | 72 | Global Equities, Actively Managed | GQFPX vs ANEFX | |
| Oberweis Global Opportunities Fund | -0.05 | 0.34 | 0.46 | 54 | Global Equities | GQFPX vs OBEGX | |
| T. Rowe Price Global Stock Fund | -0.03 | 0.36 | 0.51 | 51 | Global Equities | GQFPX vs PRGSX |
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