Looking to diversify beyond GQRIX? The mutual funds below have historically moved differently from GQRIX, 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 GQRIX
89 mutual funds have low correlation with GQRIX (below 0.3), 14 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 -0.23, down from 0.56 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 | -0.23 | 0.45 | 0.56 | 63 | Global Equities | GQRIX vs RNGCX | |
| American Funds The New Economy Fund Class A | -0.23 | 0.45 | 0.56 | 72 | Global Equities, Actively Managed | GQRIX vs ANEFX | |
| American Funds The New Economy Fund® Class F-2 | -0.22 | 0.45 | 0.56 | 70 | Global Equities | GQRIX vs NEFFX | |
| Oberweis Global Opportunities Fund | -0.16 | 0.40 | 0.52 | 54 | Global Equities | GQRIX vs OBEGX | |
| T. Rowe Price Global Stock Fund | -0.14 | 0.49 | 0.61 | 51 | Global Equities | GQRIX vs PRGSX |
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