Looking to diversify beyond MEQFX? The mutual funds below have historically moved differently from MEQFX, 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 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 (QIACX) (Large Cap Blend Equities) with a 1Y correlation of 0.18, down from 0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund | 0.18 | 0.42 | 0.66 | 53 | Large Cap Blend Equities | MEQFX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.20 | 0.42 | 0.66 | 50 | Large Cap Blend Equities | MEQFX vs QKACX | |
| AMG GW&K Municipal Enhanced Yield Fund | 0.23 | 0.14 | 0.11 | 77 | High Yield Muni | MEQFX vs GWMEX | |
| AMG Yacktman Focused Fund | 0.25 | 0.53 | 0.68 | 89 | Large Cap Value Equities | MEQFX vs YAFFX | |
| AMG GW&K Municipal Bond Fund | 0.33 | 0.19 | 0.13 | 57 | Municipal Bonds | MEQFX vs GWMIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements MEQFX
Add MEQFX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MEQFX