Looking to diversify beyond QMHIX? The mutual funds below have the lowest correlation with QMHIX — 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 QMHIX.
Best Diversifiers for QMHIX
17 mutual funds have low correlation with QMHIX (below 0.3), 4 of which are negatively correlated. The least correlated is River Canyon Total Return Bond Fund (RCTIX) (Short-Term Bond) with a 1Y correlation of -0.27, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| River Canyon Total Return Bond Fund | -0.27 | -0.28 | -0.29 | 73 | Short-Term Bond | QMHIX vs RCTIX | |
| Lord Abbett Short Duration Income Fund Class R6 | -0.22 | -0.19 | -0.32 | 77 | Short-Term Bond | QMHIX vs LDLVX | |
| JPMorgan Income Fund | -0.21 | -0.26 | -0.36 | 81 | Multisector Bonds | QMHIX vs JMSIX | |
| Intrepid Income Fund | -0.06 | -0.14 | -0.14 | 97 | Multisector Bonds | QMHIX vs ICMUX | |
| AQR Diversified Arbitrage Fund Class N | 0.02 | -0.02 | -0.08 | 99 | Multistrategy | QMHIX vs ADANX |
See all 43 diversifiers for QMHIX
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