Looking to diversify beyond QMHIX? The mutual funds below have historically moved differently from QMHIX, 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 QMHIX
23 mutual funds have low correlation with QMHIX (below 0.3), 5 of which are negatively correlated. The least correlated is River Canyon Total Return Bond Fund (RCTIX) (Short-Term Bond) with a 1Y correlation of -0.35, roughly unchanged from -0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| River Canyon Total Return Bond Fund | -0.35 | -0.28 | -0.31 | 85 | Short-Term Bond | QMHIX vs RCTIX | |
| JPMorgan Income Fund Class I | -0.27 | -0.24 | -0.38 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | QMHIX vs JMSIX | |
| Lord Abbett Short Duration Income Fund Class R6 | -0.26 | -0.17 | -0.32 | 87 | Short-Term Bond | QMHIX vs LDLVX | |
| Intrepid Income Fund | -0.05 | -0.12 | -0.15 | 97 | Multisector Bonds, High Yield Bonds, Actively Managed | QMHIX vs ICMUX | |
| Boston Partners Long/Short Equity Fund | -0.02 | 0.01 | -0.05 | 98 | Long-Short | QMHIX vs BPLEX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QMHIX, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.21, roughly unchanged from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.21 | -0.10 | -0.12 | 61 | Financial Services |
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