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Franklin Mutual Quest Fund (MQIFX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jul 17, 2026

The investment seeks capital appreciation; income is a secondary consideration. The fund invests substantially to primarily in equity securities (including securities convertible into, or that the investment manager expects to be exchanged for, common or preferred stock) of U.S. and foreign companies that the investment manager believes are available at market prices less than their value based on certain recognized or objective criteria (intrinsic value). It may invest substantially and potentially up to 100% of its assets in foreign securities and participations in foreign government debt.

Looking to diversify beyond MQIFX? The mutual funds below have the lowest correlation with MQIFX — 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 MQIFX.

Best Diversifiers for MQIFX

1 mutual funds have low correlation with MQIFX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.20, up from -0.06 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
LFMIX
LoCorr Macro Strategies Fund Class I0.200.04-0.06
84
Global AllocationMQIFX vs LFMIX
WARAX
Allspring Absolute Return Fund0.360.520.57
89
Global AllocationMQIFX vs WARAX
MHESX
MH Elite Select Portfolio of Funds Fund0.360.360.56
57
Global AllocationMQIFX vs MHESX
WMRIX
Wilmington Real Asset Fund0.400.550.59
82
Global AllocationMQIFX vs WMRIX
CHW
Calamos Global Dynamic Income Fund0.470.520.60
60
Global AllocationMQIFX vs CHW
See all 25 diversifiers for MQIFX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from MQIFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MQIFX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.34, down from 0.63 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BRK-B
Berkshire Hathaway Inc.0.340.520.63
53
Financial Services

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