Looking to diversify beyond QNZNX? The mutual funds below have historically moved differently from QNZNX, 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 QNZNX
6 mutual funds have low correlation with QNZNX (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | 0.04 | — | — | 100 | Nontraditional Bonds | QNZNX vs CBYYX | |
| AQR Diversified Arbitrage Fund Class I | 0.09 | 0.12 | — | 99 | Multistrategy | QNZNX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 0.10 | 0.10 | — | 99 | Multistrategy | QNZNX vs ADANX | |
| AQR Style Premia Alternative R6 | 0.18 | 0.24 | — | 90 | Multistrategy | QNZNX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | 0.20 | 0.25 | — | 90 | Multistrategy | QNZNX vs QSPIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QNZNX, 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 Annaly Capital Management, Inc. (NLY) (Real Estate) with a 1Y correlation of 0.05, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Annaly Capital Management, Inc. | 0.05 | 0.19 | 0.25 | 80 | Real Estate | |
| AGNC Investment Corp. | 0.11 | 0.16 | 0.20 | 79 | Real Estate | |
| General American Investors Company, Inc. | 0.40 | 0.48 | — | 93 | Financial Services |
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