Looking to diversify beyond QLFNX? The mutual funds below have the lowest correlation with QLFNX — 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 QLFNX.
Best Diversifiers for QLFNX
2 mutual funds have low correlation with QLFNX (below 0.3), 0 of which are negatively correlated. The least correlated is Knights of Columbus Long/Short Equity Fund (KCEIX) (Long-Short) with a 1Y correlation of 0.09, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | 0.09 | 0.09 | 0.09 | 86 | Long-Short | QLFNX vs KCEIX | |
| Guggenheim Alpha Opportunity Fund | 0.26 | 0.26 | 0.26 | 74 | Long-Short | QLFNX vs SAOAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.56 | 0.56 | 0.56 | 96 | Equity Market Neutral | QLFNX vs BDMIX | |
| Meeder Spectrum Fund | 0.74 | 0.74 | 0.74 | 71 | Long-Short | QLFNX vs FLSPX |
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