Looking to diversify beyond QLEIX? The mutual funds below have historically moved differently from QLEIX, 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 QLEIX
61 mutual funds have low correlation with QLEIX (below 0.3), 6 of which are negatively correlated. The least correlated is Goldman Sachs Energy Infrastructure Fund (GLEIX) (Infrastructure Equities) with a 1Y correlation of -0.08, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Energy Infrastructure Fund | -0.08 | 0.18 | 0.31 | 78 | Infrastructure Equities, Energy Equities | QLEIX vs GLEIX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.08 | -0.01 | 0.00 | 91 | Inflation-Protected Bonds | QLEIX vs VTAPX | |
| Stone Ridge Diversified Alternatives Fund | -0.07 | -0.06 | -0.01 | 93 | Multistrategy | QLEIX vs SRDAX | |
| Miller Market Neutral Income Fund Class I | -0.06 | — | — | 99 | Equity Market Neutral | QLEIX vs MMNIX | |
| SEI Institutional Investments Trust Opportunistic ... | -0.02 | 0.01 | 0.04 | 100 | Ultrashort Bond | QLEIX vs ENIAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QLEIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.31, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.31 | -0.15 | -0.01 | 52 | Utilities | |
| Altria Group, Inc. | -0.26 | -0.06 | 0.12 | 66 | Consumer Defensive | |
| Realty Income Corporation | -0.19 | -0.10 | 0.02 | 74 | Real Estate | |
| The Coca-Cola Company | -0.17 | -0.07 | 0.07 | 87 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.17 | -0.09 | 0.02 | 57 | Consumer Defensive |
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