Looking to diversify beyond QMFNX? The mutual funds below have historically moved differently from QMFNX, 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 QMFNX
7 mutual funds have low correlation with QMFNX (below 0.3), 1 of which are negatively correlated. The least correlated is GMO Alternative Allocation Fund (GAAVX) (Multistrategy) with a 1Y correlation of -0.02, roughly unchanged from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GMO Alternative Allocation Fund | -0.02 | -0.02 | -0.02 | 89 | Multistrategy | QMFNX vs GAAVX | |
| AQR Style Premia Alternative Fund - Class I | 0.13 | 0.13 | 0.13 | 90 | Multistrategy | QMFNX vs QSPIX | |
| FS Credit Income Fund Class I | 0.18 | 0.18 | 0.18 | 98 | Multistrategy | QMFNX vs FCRIX | |
| AQR Diversified Arbitrage Fund Class I | 0.22 | 0.22 | 0.22 | 99 | Multistrategy | QMFNX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 0.22 | 0.22 | 0.22 | 99 | Multistrategy | QMFNX vs ADANX |
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