Looking to diversify beyond GQRPX? The mutual funds below have historically moved differently from GQRPX, 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 GQRPX
97 mutual funds have low correlation with GQRPX (below 0.3), 16 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 -0.22, 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 | -0.22 | 0.45 | 0.56 | 63 | Global Equities | GQRPX vs RNGCX | |
| American Funds The New Economy Fund Class A | -0.22 | 0.45 | 0.56 | 72 | Global Equities, Actively Managed | GQRPX vs ANEFX | |
| American Funds The New Economy Fund® Class F-2 | -0.22 | 0.45 | 0.56 | 70 | Global Equities | GQRPX vs NEFFX | |
| Fidelity China Region Fund | -0.16 | 0.27 | 0.36 | 84 | China Equities, Asia Pacific Equities | GQRPX vs FHKCX | |
| Fuller & Thaler Behavioral Small-Cap Growth Fund | -0.15 | 0.38 | 0.51 | 64 | Small Cap Growth Equities | GQRPX vs FTXNX |
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