Looking to diversify beyond QASGX? The mutual funds below have the lowest correlation with QASGX — 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 QASGX.
Best Diversifiers for QASGX
3 mutual funds have low correlation with QASGX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) (Dividend) with a 1Y correlation of -0.02, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund Cla... | -0.02 | 0.25 | 0.40 | 91 | Dividend | QASGX vs SVAAX | |
| Dana Epiphany ESG Small Cap Equity Fund | 0.29 | 0.60 | 0.77 | 90 | Small Cap Growth Equities | QASGX vs DSCIX | |
| WesMark Small Company Fund | 0.29 | 0.60 | 0.75 | 69 | Small Cap Growth Equities | QASGX vs WMKSX | |
| Rydex S&P SmallCap 600 Pure Growth Fund | 0.31 | 0.60 | 0.77 | 73 | Small Cap Growth Equities | QASGX vs RYWCX | |
| Federated Hermes Emerging Market Debt Fund Institu... | 0.34 | 0.36 | 0.34 | 78 | Emerging Markets Bonds | QASGX vs EMDIX |
See all 11 diversifiers for QASGX
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