Looking to diversify beyond QMNIX? The mutual funds below have the lowest correlation with QMNIX — 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 QMNIX.
Best Diversifiers for QMNIX
11 mutual funds have low correlation with QMNIX (below 0.3), 5 of which are negatively correlated. The least correlated is Fidelity Hedged Equity Fund (FEQHX) (Large Cap Blend Equities) with a 1Y correlation of -0.13, roughly unchanged from -0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Hedged Equity Fund | -0.13 | -0.07 | — | 68 | Large Cap Blend Equities | QMNIX vs FEQHX | |
| Vanguard Global Wellington Fund Admiral Shares | -0.12 | -0.10 | -0.09 | 81 | Diversified Portfolio | QMNIX vs VGWAX | |
| AQR Diversified Arbitrage Fund Class I | -0.07 | -0.04 | -0.17 | 99 | Multistrategy | QMNIX vs ADAIX | |
| Miller Market Neutral Income Fund Class I | -0.03 | — | — | 99 | Equity Market Neutral | QMNIX vs MMNIX | |
| AQR Risk-Balanced Commodities Strategy Fund | -0.01 | -0.03 | 0.05 | 82 | Commodities | QMNIX vs ARCIX |
See all 17 diversifiers for QMNIX
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