Looking to diversify beyond QMNNX? The mutual funds below have the lowest correlation with QMNNX — 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 QMNNX.
Best Diversifiers for QMNNX
35 mutual funds have low correlation with QMNNX (below 0.3), 23 of which are negatively correlated. The least correlated is AQR Small Cap Multi-Style Fund (QSMLX) (Small Cap Blend Equities) with a 1Y correlation of -0.19, roughly unchanged from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Small Cap Multi-Style Fund | -0.19 | -0.09 | -0.09 | 76 | Small Cap Blend Equities | QMNNX vs QSMLX | |
| Intrepid Income Fund | -0.15 | -0.12 | -0.11 | 97 | Multisector Bonds | QMNNX vs ICMUX | |
| John Hancock Funds Multi-Index 2035 Lifetime Portf... | -0.15 | -0.12 | -0.18 | 69 | Target Retirement Date | QMNNX vs JRTMX | |
| Fidelity Multi-Asset Index Fund | -0.14 | -0.12 | -0.18 | 66 | Diversified Portfolio | QMNNX vs FFNOX | |
| Vanguard Total Stock Market Index Fund Admiral Sha... | -0.12 | -0.08 | -0.16 | 65 | Large Cap Blend Equities | QMNNX vs VTSAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QMNNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QMNNX and solid risk/return profiles. The least correlated is Sun Life Financial Inc. (SLF) (Financial Services) with a 1Y correlation of -0.15, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sun Life Financial Inc. | -0.15 | -0.01 | 0.03 | 74 | Financial Services |
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