Looking to diversify beyond QDSNX? The mutual funds below have historically moved differently from QDSNX, 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 QDSNX
20 mutual funds have low correlation with QDSNX (below 0.3), 2 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.08, roughly unchanged from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.08 | -0.01 | -0.00 | 100 | High Yield Bonds | QDSNX vs XILSX | |
| JPMorgan Income Fund Class I | -0.01 | 0.05 | -0.11 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | QDSNX vs JMSIX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.02 | — | — | 100 | Nontraditional Bonds | QDSNX vs CBYYX | |
| BlackRock Tactical Opportunities Fund Institutiona... | 0.07 | 0.20 | 0.16 | 85 | Tactical Allocation | QDSNX vs PBAIX | |
| MainStay MacKay Strategic Bond Fund | 0.09 | 0.08 | -0.03 | 76 | Nontraditional Bonds | QDSNX vs MASAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QDSNX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Annaly Capital Management, Inc. (NLY) (Real Estate) with a 1Y correlation of 0.05, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Annaly Capital Management, Inc. | 0.05 | 0.14 | 0.05 | 80 | Real Estate | |
| AGNC Investment Corp. | 0.08 | 0.11 | 0.03 | 79 | Real Estate | |
| Reaves Utility Income Trust | 0.26 | 0.20 | 0.10 | 55 | Financial Services |
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