Looking to diversify beyond QHFNX? The mutual funds below have the lowest correlation with QHFNX — 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 QHFNX.
Best Diversifiers for QHFNX
1 mutual funds have low correlation with QHFNX (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund (QSPIX) (Multistrategy) with a 1Y correlation of 0.30, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund | 0.30 | 0.30 | 0.30 | 84 | Multistrategy | QHFNX vs QSPIX | |
| Strategic Advisers Alternatives Fund | 0.39 | 0.39 | 0.39 | 99 | Multistrategy | QHFNX vs FSLTX | |
| 1290 Multi-Alternative Strategies Fund | 0.43 | 0.43 | 0.43 | 84 | Multistrategy | QHFNX vs TNMIX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.52 | 0.52 | 0.52 | 95 | Multistrategy | QHFNX vs JAAAX |
Diversification Analysis
Build a portfolio that complements QHFNX
Add QHFNX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with QHFNX