Looking to diversify beyond QHFIX? The mutual funds below have the lowest correlation with QHFIX — 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 QHFIX.
Best Diversifiers for QHFIX
1 mutual funds have low correlation with QHFIX (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Diversified Arbitrage Fund Class N (ADANX) (Multistrategy) with a 1Y correlation of 0.16, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | 0.16 | 0.16 | 0.16 | 99 | Multistrategy | QHFIX vs ADANX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 0.34 | 0.34 | 0.34 | 100 | Multistrategy | QHFIX vs ARBIX | |
| Symmetry Panoramic Alternatives Fund | 0.38 | 0.38 | 0.38 | 97 | Multistrategy | QHFIX vs SPATX | |
| Abbey Capital Multi Asset Fund Class I | 0.58 | 0.58 | 0.58 | 79 | Multistrategy | QHFIX vs MAFIX |
Diversification Analysis
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