Looking to diversify beyond QCFNX? The mutual funds below have the lowest correlation with QCFNX — 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 QCFNX.
Best Diversifiers for QCFNX
0 mutual funds have low correlation with QCFNX (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO TRENDS Managed Futures Strategy Fund Institutional Class (PQTIX) (Systematic Trend) with a 1Y correlation of 0.34, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO TRENDS Managed Futures Strategy Fund Institu... | 0.34 | 0.34 | 0.34 | 79 | Systematic Trend | QCFNX vs PQTIX | |
| AQR Long-Short Equity Fund Class N | 0.52 | 0.52 | 0.52 | 54 | Long-Short, Actively Managed | QCFNX vs QLENX | |
| Guggenheim Managed Futures Strategy Fund | 0.61 | 0.61 | 0.61 | 55 | Systematic Trend | QCFNX vs RYMTX | |
| Rydex Russell 2000 2x Strategy Fund | 0.69 | 0.69 | 0.69 | 65 | Leveraged Equities | QCFNX vs RYRUX |
Diversification Analysis
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