Looking to diversify beyond QMHNX? The mutual funds below have the lowest correlation with QMHNX — 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 QMHNX.
Best Diversifiers for QMHNX
4 mutual funds have low correlation with QMHNX (below 0.3), 0 of which are negatively correlated. The least correlated is Thornburg Investment Income Builder Fund Class I (TIBIX) (Diversified Portfolio) with a 1Y correlation of 0.19, up from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund Class I | 0.19 | 0.05 | -0.06 | 97 | Diversified Portfolio | QMHNX vs TIBIX | |
| AQR Multi-Asset Fund Class N | 0.26 | 0.13 | -0.09 | 72 | Diversified Portfolio | QMHNX vs AQRNX | |
| BlackRock Global Equity Market Neutral Fund | 0.26 | 0.16 | 0.12 | 96 | Equity Market Neutral | QMHNX vs BDMAX | |
| Vanguard Global Capital Cycles Fund | 0.27 | 0.09 | -0.03 | 91 | Global Equities | QMHNX vs VGPMX | |
| AQR Style Premia Alternative R6 | 0.33 | 0.25 | 0.30 | 78 | Multistrategy | QMHNX vs QSPRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QMHNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QMHNX and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.13, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.13 | -0.02 | -0.08 | 53 | Industrials | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.14 | 0.09 | -0.01 | 92 | Technology | |
| Broadcom Inc. | 0.14 | 0.11 | -0.01 | 71 | Technology | |
| Micron Technology, Inc. | 0.27 | 0.15 | 0.04 | 99 | Technology | |
| Coherent Corp. | 0.29 | 0.11 | -0.02 | 95 | Technology |
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