Looking to diversify beyond MFQTX? The mutual funds below have the lowest correlation with MFQTX — 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 MFQTX.
Best Diversifiers for MFQTX
1 mutual funds have low correlation with MFQTX (below 0.3), 0 of which are negatively correlated. The least correlated is Emerald Insights Fund (EFCNX) (Large Cap Growth Equities) with a 1Y correlation of 0.20, down from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Emerald Insights Fund | 0.20 | 0.55 | 0.70 | 99 | Large Cap Growth Equities | MFQTX vs EFCNX | |
| One Rock Fund | 0.34 | 0.49 | 0.61 | 88 | Large Cap Growth Equities | MFQTX vs ONERX | |
| Fidelity OTC Portfolio | 0.48 | 0.60 | 0.73 | 93 | Large Cap Growth Equities | MFQTX vs FOCPX | |
| Fidelity OTC K6 Portfolio | 0.48 | 0.60 | 0.74 | 89 | Large Cap Growth Equities | MFQTX vs FOKFX | |
| Fidelity OTC Portfolio Class K | 0.49 | 0.60 | 0.73 | 93 | Large Cap Growth Equities | MFQTX vs FOCKX |
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