Looking to diversify beyond QLEIX? The mutual funds below have the lowest correlation with QLEIX — 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 QLEIX.
Best Diversifiers for QLEIX
59 mutual funds have low correlation with QLEIX (below 0.3), 7 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of -0.12, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.12 | -0.04 | 0.00 | 94 | Inflation-Protected Bonds | QLEIX vs VTAPX | |
| Miller Market Neutral Income Fund Class I | -0.12 | -0.09 | -0.09 | 99 | Equity Market Neutral | QLEIX vs MMNIX | |
| Stone Ridge Diversified Alternatives Fund | -0.12 | -0.08 | -0.03 | 87 | Multistrategy | QLEIX vs SRDAX | |
| AQR Diversified Arbitrage Fund Class I | -0.04 | 0.07 | 0.03 | 99 | Multistrategy | QLEIX vs ADAIX | |
| SEI Institutional Investments Trust Opportunistic ... | -0.03 | 0.01 | 0.05 | 100 | Ultrashort Bond | QLEIX vs ENIAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QLEIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QLEIX and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.16, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.16 | -0.09 | 0.01 | 52 | Utilities | |
| Enterprise Products Partners L.P. | -0.10 | 0.11 | 0.22 | 86 | Energy | |
| Exxon Mobil Corporation | -0.09 | 0.09 | 0.25 | 85 | Energy | |
| Chevron Corporation | -0.08 | 0.09 | 0.25 | 83 | Energy | |
| BP p.l.c. | -0.08 | 0.13 | 0.27 | 87 | Energy |
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Build a portfolio that complements QLEIX
Add QLEIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with QLEIX