Looking to diversify beyond QFITX? The mutual funds below have historically moved differently from QFITX, 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 QFITX
15 mutual funds have low correlation with QFITX (below 0.3), 3 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.18 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.10 | -0.18 | — | 99 | Nontraditional Bonds | QFITX vs APFPX | |
| Putnam Mortgage Opportunities Fund | -0.04 | -0.02 | -0.05 | 88 | 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 | 0.02 | 0.01 | -0.08 | 99 | Nontraditional Bonds | QFITX vs EIGMX | |
| PGIM Securitized Credit Fund | 0.04 | 0.02 | -0.01 | 100 | Nontraditional Bonds | QFITX vs SCFZX |
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