Looking to diversify beyond QLENX? The mutual funds below have historically moved differently from QLENX, 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 QLENX
43 mutual funds have low correlation with QLENX (below 0.3), 5 of which are negatively correlated. The least correlated is Pioneer Securitized Income Fund (SYFFX) (Nontraditional Bonds) with a 1Y correlation of -0.06, roughly unchanged from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer Securitized Income Fund | -0.06 | -0.10 | -0.10 | 69 | Nontraditional Bonds | QLENX vs SYFFX | |
| SEI Institutional Investments Trust Opportunistic ... | -0.02 | 0.01 | 0.04 | 100 | Ultrashort Bond | QLENX vs ENIAX | |
| River Canyon Total Return Bond Fund | -0.02 | -0.07 | -0.03 | 82 | Short-Term Bond | QLENX vs RCTIX | |
| Doubleline Selective Credit Fund | -0.01 | -0.06 | -0.10 | 91 | Multisector Bonds | QLENX vs DBSCX | |
| Vanguard Energy Opportunities Fund Admiral Shares | -0.01 | 0.15 | 0.33 | 91 | Energy Equities | QLENX vs VGELX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QLENX, 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 -0.27, 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 | -0.27 | -0.12 | -0.01 | 52 | Utilities | |
| Altria Group, Inc. | -0.20 | -0.03 | 0.11 | 66 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.19 | -0.09 | 0.01 | 57 | Consumer Defensive | |
| Realty Income Corporation | -0.19 | -0.08 | 0.01 | 74 | Real Estate | |
| The Coca-Cola Company | -0.16 | -0.06 | 0.06 | 87 | Consumer Defensive |
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