Looking to diversify beyond QMHNX? The mutual funds below have historically moved differently from QMHNX, 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 QMHNX
5 mutual funds have low correlation with QMHNX (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 0.02 | — | — | 100 | Nontraditional Bonds | QMHNX vs CBYYX | |
| Thornburg Investment Income Builder Fund Class I | 0.20 | 0.07 | -0.06 | 98 | Diversified Portfolio | QMHNX vs TIBIX | |
| AQR Multi-Asset Fund Class N | 0.25 | 0.15 | -0.10 | 70 | Diversified Portfolio | QMHNX vs AQRNX | |
| BlackRock Global Equity Market Neutral Fund | 0.27 | 0.18 | 0.13 | 97 | Equity Market Neutral | QMHNX vs BDMAX | |
| Vanguard Global Capital Cycles Fund | 0.29 | 0.11 | -0.04 | 95 | Global Equities | QMHNX vs VGPMX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QMHNX, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.15, up from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.15 | 0.13 | -0.01 | 67 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.16 | 0.11 | -0.01 | 87 | Technology | |
| Micron Technology, Inc. | 0.30 | 0.17 | 0.05 | 99 | Technology | |
| Coherent Corp. | 0.31 | 0.13 | -0.02 | 87 | Technology |
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