Looking to diversify beyond GQHPX? The mutual funds below have historically moved differently from GQHPX, 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 GQHPX
154 mutual funds have low correlation with GQHPX (below 0.3), 19 of which are negatively correlated. The least correlated is Fidelity Dividend Growth Fund Class K (FDGKX) (Large Cap Value Equities) with a 1Y correlation of -0.21, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Dividend Growth Fund Class K | -0.21 | 0.32 | 0.53 | 69 | Large Cap Value Equities | GQHPX vs FDGKX | |
| Fidelity Dividend Growth Fund | -0.20 | 0.33 | 0.54 | 80 | Large Cap Blend Equities, Dividend | GQHPX vs FDGFX | |
| Schwab S&P 500 Index Fund | -0.20 | 0.33 | 0.51 | 63 | Large Cap Blend Equities, S&P 500 | GQHPX vs SWPPX | |
| Fidelity Advisor Capital Development Fund Class A | -0.16 | 0.34 | 0.56 | 68 | Large Cap Value Equities | GQHPX vs FDTTX | |
| Fidelity Advisor Capital Development Fund Class O | -0.16 | 0.34 | 0.56 | 72 | Large Cap Value Equities | GQHPX vs FDETX |
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