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 0.14, up from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.14 | 0.03 | -0.06 | 88 | Global Allocation | MQIFX vs LFMIX | |
| Allspring Absolute Return Fund | 0.35 | 0.54 | 0.57 | 94 | Global Allocation | MQIFX vs WARAX | |
| Wilmington Real Asset Fund | 0.38 | 0.57 | 0.60 | 84 | Global Allocation | MQIFX vs WMRIX | |
| MH Elite Select Portfolio of Funds Fund | 0.45 | 0.40 | 0.57 | 55 | Global Allocation | MQIFX vs MHESX | |
| Hartford Real Asset Fund | 0.48 | 0.63 | 0.67 | 97 | Global Allocation | MQIFX vs HRLYX |
See all 22 diversifiers for MQIFX
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