Looking to diversify beyond QLFRX? The mutual funds below have the lowest correlation with QLFRX — 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 QLFRX.
Best Diversifiers for QLFRX
1 mutual funds have low correlation with QLFRX (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 0.19, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Knights of Columbus Long/Short Equity Fund | 0.19 | 0.19 | 0.19 | 63 | Long-Short | QLFRX vs KCEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.54 | 0.54 | 0.54 | 94 | Long-Short | QLFRX vs JAKRX | |
| Persimmon Long/Short Fund | 0.69 | 0.69 | 0.69 | 78 | Long-Short | QLFRX vs LSEIX | |
| Meeder Spectrum Fund | 0.72 | 0.72 | 0.72 | 74 | Long-Short | QLFRX vs FLSPX |
Diversification Analysis
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