Looking to diversify beyond QFITX? The mutual funds below have the lowest correlation with QFITX — 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 QFITX.
Best Diversifiers for QFITX
13 mutual funds have low correlation with QFITX (below 0.3), 2 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.11, roughly unchanged from -0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.11 | -0.19 | — | 99 | Nontraditional Bonds | QFITX vs APFPX | |
| Putnam Mortgage Opportunities Fund | -0.01 | -0.03 | -0.07 | 66 | Nontraditional Bonds | QFITX vs PMOTX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.02 | — | — | 100 | Nontraditional Bonds | QFITX vs CBYYX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.03 | 0.01 | -0.09 | 99 | Nontraditional Bonds | QFITX vs EIGMX | |
| Dunham Long/Short Credit Fund | 0.08 | -0.07 | -0.04 | 93 | Nontraditional Bonds | QFITX vs DCAIX |
See all 22 diversifiers for QFITX
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