Looking to diversify beyond QLENX? The mutual funds below have the lowest correlation with QLENX — 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 QLENX.
Best Diversifiers for QLENX
43 mutual funds have low correlation with QLENX (below 0.3), 4 of which are negatively correlated. The least correlated is Pioneer Securitized Income Fund (SYFFX) (Nontraditional Bonds) with a 1Y correlation of -0.04, roughly unchanged from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer Securitized Income Fund | -0.04 | -0.09 | -0.10 | 77 | Nontraditional Bonds | QLENX vs SYFFX | |
| Vanguard Energy Fund Admiral Shares | -0.02 | 0.16 | 0.34 | 84 | Energy Equities | QLENX vs VGELX | |
| River Canyon Total Return Bond Fund | -0.01 | -0.08 | -0.03 | 83 | Short-Term Bond | QLENX vs RCTIX | |
| Doubleline Selective Credit Fund | -0.00 | -0.06 | -0.11 | 96 | Multisector Bonds | QLENX vs DBSCX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.00 | 0.02 | 0.05 | 99 | Ultrashort Bond | QLENX vs ENIAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QLENX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QLENX 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 | 65 | Utilities | |
| The Southern Company | -0.19 | -0.10 | 0.02 | 58 | Utilities | |
| Altria Group, Inc. | -0.16 | -0.01 | 0.13 | 78 | Consumer Defensive | |
| Realty Income Corporation | -0.16 | -0.08 | 0.02 | 69 | Real Estate | |
| The Coca-Cola Company | -0.14 | -0.06 | 0.08 | 82 | Consumer Defensive |
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