Looking to diversify beyond QGMIX? The mutual funds below have historically moved differently from QGMIX, 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 QGMIX
15 mutual funds have low correlation with QGMIX (below 0.3), 2 of which are negatively correlated. The least correlated is JPMorgan Income Fund Class I (JMSIX) (Multisector Bonds) with a 1Y correlation of -0.23, roughly unchanged from -0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund Class I | -0.23 | 0.00 | -0.17 | 81 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | QGMIX vs JMSIX | |
| The Arbitrage Fund | -0.04 | 0.01 | -0.11 | 96 | Event Driven | QGMIX vs ARBFX | |
| AQR Diversified Arbitrage Fund Class I | 0.05 | 0.03 | -0.06 | 99 | Multistrategy | QGMIX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 0.06 | 0.02 | -0.07 | 99 | Multistrategy | QGMIX vs ADANX | |
| BlackRock Tactical Opportunities Fund | 0.07 | 0.14 | 0.18 | 82 | Multistrategy | QGMIX vs PCBAX |
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