Looking to diversify beyond QMNNX? The mutual funds below have historically moved differently from QMNNX, 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 QMNNX
46 mutual funds have low correlation with QMNNX (below 0.3), 30 of which are negatively correlated. The least correlated is MFS Mid Cap Value Fund Class R6 (MVCKX) (Mid Cap Value Equities) with a 1Y correlation of -0.25, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Mid Cap Value Fund Class R6 | -0.25 | -0.14 | -0.09 | 59 | Mid Cap Value Equities | QMNNX vs MVCKX | |
| Vanguard Small-Cap Value Index Fund Institutional ... | -0.24 | -0.13 | -0.09 | 77 | Small Cap Value Equities | QMNNX vs VSIIX | |
| Axonic Strategic Income Fund | -0.19 | -0.17 | -0.14 | 94 | Multisector Bonds | QMNNX vs AXSIX | |
| AQR Small Cap Multi-Style Fund | -0.16 | -0.08 | -0.09 | 83 | Small Cap Blend Equities | QMNNX vs QSMLX | |
| PIMCO Dividend and Income Fund | -0.15 | -0.11 | -0.07 | 95 | Global Allocation | QMNNX vs PQIPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QMNNX, 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 Sun Life Financial Inc. (SLF) (Financial Services) with a 1Y correlation of -0.19, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sun Life Financial Inc. | -0.19 | -0.03 | 0.01 | 92 | Financial Services | |
| Berkshire Hathaway Inc. | -0.04 | 0.03 | 0.05 | 61 | Financial Services | |
| MetLife, Inc. | 0.03 | 0.09 | 0.13 | 78 | Financial Services |
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