Looking to diversify beyond GQRIX? The mutual funds below have the lowest correlation with GQRIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from GQRIX.
Best Diversifiers for GQRIX
84 mutual funds have low correlation with GQRIX (below 0.3), 17 of which are negatively correlated. The least correlated is T. Rowe Price Global Technology Fund I Class (PGTIX) (Technology Equities) with a 1Y correlation of -0.20, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Global Technology Fund I Class | -0.20 | 0.46 | 0.49 | 87 | Technology Equities, Global Equities | GQRIX vs PGTIX | |
| Alger Focus Equity Fund | -0.15 | 0.48 | 0.57 | 53 | Large Cap Growth Equities | GQRIX vs ALGRX | |
| American Funds The New Economy Fund Class R-3 | -0.14 | 0.49 | 0.59 | 86 | Global Equities | GQRIX vs RNGCX | |
| American Funds The New Economy Fund® Class F-2 | -0.14 | 0.49 | 0.59 | 87 | Global Equities | GQRIX vs NEFFX | |
| American Funds The New Economy Fund | -0.14 | 0.49 | 0.59 | 87 | Global Equities | GQRIX vs ANEFX |
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