Looking to diversify beyond QNZIX? The mutual funds below have the lowest correlation with QNZIX — 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 QNZIX.
Best Diversifiers for QNZIX
5 mutual funds have low correlation with QNZIX (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.13 | — | — | 99 | Equity Market Neutral | QNZIX vs MMNIX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.09 | 0.02 | — | 98 | Multistrategy | QNZIX vs SHRIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.09 | 0.06 | — | 100 | Multistrategy | QNZIX vs SRRIX | |
| Vanguard Market Neutral Fund Institutional Shares | 0.18 | 0.22 | — | 95 | Long-Short | QNZIX vs VMNIX | |
| AQR Style Premia Alternative Fund | 0.21 | 0.25 | — | 78 | Multistrategy | QNZIX vs QSPIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QNZIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QNZIX and solid risk/return profiles. The least correlated is General American Investors Company, Inc. (GAM) (Financial Services) with a 1Y correlation of 0.41, roughly unchanged from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General American Investors Company, Inc. | 0.41 | 0.48 | 0.48 | 92 | Financial Services |
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