Looking to diversify beyond QDSIX? The mutual funds below have historically moved differently from QDSIX, 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 QDSIX
17 mutual funds have low correlation with QDSIX (below 0.3), 1 of which are negatively correlated. The least correlated is Stone Ridge Diversified Alternatives Fund (SRDAX) (Multistrategy) with a 1Y correlation of -0.04, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge Diversified Alternatives Fund | -0.04 | 0.01 | 0.06 | 92 | Multistrategy | QDSIX vs SRDAX | |
| FS Credit Income Fund Class I | 0.01 | 0.07 | 0.01 | 98 | Multistrategy | QDSIX vs FCRIX | |
| Rational Special Situations Income Fund | 0.05 | 0.01 | -0.04 | 98 | Multisector Bonds | QDSIX vs RFXIX | |
| BlackRock California Municipal Opportunities Fund | 0.08 | -0.00 | -0.02 | 82 | Municipal Bonds | QDSIX vs MACMX | |
| GMO Alternative Allocation Fund | 0.09 | 0.10 | 0.24 | 89 | Multistrategy | QDSIX vs GAAVX |
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