Looking to diversify beyond MEQFX? The mutual funds below have the lowest correlation with MEQFX — 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 MEQFX.
Best Diversifiers for MEQFX
4 mutual funds have low correlation with MEQFX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT All Cap Core Fund Class R6 (QKACX) (Large Cap Blend Equities) with a 1Y correlation of 0.18, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.18 | 0.43 | 0.67 | 51 | Large Cap Blend Equities | MEQFX vs QKACX | |
| Federated Hermes MDT All Cap Core Fund | 0.18 | 0.43 | 0.67 | 51 | Large Cap Blend Equities | MEQFX vs QIACX | |
| AMG Veritas Asia Pacific Fund | 0.19 | 0.37 | 0.46 | 82 | Asia Pacific Equities | MEQFX vs MGSEX | |
| AMG GW&K Municipal Enhanced Yield Fund | 0.21 | 0.14 | 0.11 | 71 | High Yield Muni | MEQFX vs GWMEX | |
| AMG GW&K Municipal Bond Fund | 0.30 | 0.19 | 0.13 | 65 | Municipal Bonds | MEQFX vs GWMIX |
See all 44 diversifiers for MEQFX
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