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
53 mutual funds have low correlation with QLEIX (below 0.3), 5 of which are negatively correlated. The least correlated is Stone Ridge Diversified Alternatives Fund (SRDAX) (Multistrategy) with a 1Y correlation of -0.10, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge Diversified Alternatives Fund | -0.10 | -0.07 | -0.02 | 93 | Multistrategy | QLEIX vs SRDAX | |
| Miller Market Neutral Income Fund Class I | -0.09 | — | — | 99 | Equity Market Neutral | QLEIX vs MMNIX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.06 | -0.01 | 0.01 | 90 | Inflation-Protected Bonds | QLEIX vs VTAPX | |
| Goldman Sachs Energy Infrastructure Fund | -0.05 | 0.19 | 0.32 | 75 | Energy Equities | QLEIX vs GLEIX | |
| SEI Institutional Investments Trust Opportunistic ... | -0.00 | 0.01 | 0.05 | 99 | 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 -0.25, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.25 | -0.12 | -0.01 | 66 | Utilities | |
| The Southern Company | -0.18 | -0.09 | 0.02 | 58 | Utilities | |
| Realty Income Corporation | -0.16 | -0.09 | 0.03 | 74 | Real Estate | |
| Altria Group, Inc. | -0.15 | -0.00 | 0.14 | 81 | Consumer Defensive | |
| The Coca-Cola Company | -0.15 | -0.07 | 0.09 | 83 | Consumer Defensive |
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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