Looking to diversify beyond QALTX? The mutual funds below have the lowest correlation with QALTX — 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 QALTX.
Best Diversifiers for QALTX
2 mutual funds have low correlation with QALTX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund (PCBAX) (Macro Trading) with a 1Y correlation of 0.09, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund | 0.09 | 0.29 | 0.22 | 79 | Macro Trading | QALTX vs PCBAX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.29 | 0.29 | 0.19 | 98 | Macro Trading | QALTX vs EGRAX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.46 | 0.37 | 0.43 | 91 | Macro Trading | QALTX vs MBXAX | |
| Rational/ReSolve Adaptive Asset Allocation Fund | 0.51 | 0.27 | 0.33 | 69 | Macro Trading | QALTX vs RDMIX | |
| Quantified STF Fund | 0.57 | 0.64 | 0.51 | 61 | Tactical Allocation | QALTX vs QSTFX |
See all 13 diversifiers for QALTX
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