Looking to diversify beyond QMNIX? The mutual funds below have historically moved differently from QMNIX, 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 QMNIX
9 mutual funds have low correlation with QMNIX (below 0.3), 3 of which are negatively correlated. The least correlated is Vanguard Global Wellington Fund Admiral Shares (VGWAX) (Diversified Portfolio) with a 1Y correlation of -0.14, roughly unchanged from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Global Wellington Fund Admiral Shares | -0.14 | -0.10 | -0.10 | 91 | Diversified Portfolio | QMNIX vs VGWAX | |
| AQR Diversified Arbitrage Fund Class I | -0.07 | -0.02 | -0.17 | 99 | Multistrategy | QMNIX vs ADAIX | |
| Miller Market Neutral Income Fund Class I | -0.01 | — | — | 99 | Equity Market Neutral | QMNIX vs MMNIX | |
| AQR Multi-Asset Fund | 0.08 | 0.09 | 0.06 | 76 | Tactical Allocation | QMNIX vs AQRIX | |
| AQR Global Equity Fund | 0.09 | 0.11 | 0.02 | 81 | Global Equities | QMNIX vs AQGIX |
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