Looking to diversify beyond MQLFX? The mutual funds below have historically moved differently from MQLFX, 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 MQLFX
8 mutual funds have low correlation with MQLFX (below 0.3), 0 of which are negatively correlated. The least correlated is GuidePath Absolute Return Allocation Fund (GPARX) (Short-Term Bond) with a 1Y correlation of 0.16, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GuidePath Absolute Return Allocation Fund | 0.16 | 0.46 | 0.54 | 69 | Short-Term Bond | MQLFX vs GPARX | |
| MFS Value Fund | 0.18 | 0.12 | 0.11 | 70 | Large Cap Value Equities | MQLFX vs MEIKX | |
| MFS Value Fund | 0.18 | 0.12 | 0.11 | 67 | Large Cap Value Equities | MQLFX vs MEIAX | |
| MFS Value Fund Class I | 0.18 | 0.12 | 0.11 | 69 | Large Cap Value Equities | MQLFX vs MEIIX | |
| Leader Short Term High Yield Bond Fund | 0.19 | 0.16 | 0.19 | 84 | Short-Term Bond | MQLFX vs LCCMX |
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