Looking to diversify beyond QNZNX? The mutual funds below have the lowest correlation with QNZNX — 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 QNZNX.
Best Diversifiers for QNZNX
3 mutual funds have low correlation with QNZNX (below 0.3), 0 of which are negatively correlated. The least correlated is AQR Diversified Arbitrage Fund Class I (ADAIX) (Multistrategy) with a 1Y correlation of 0.06, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class I | 0.06 | 0.10 | — | 99 | Multistrategy | QNZNX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 0.07 | 0.09 | — | 99 | Multistrategy | QNZNX vs ADANX | |
| AQR Style Premia Alternative Fund | 0.21 | 0.25 | — | 78 | Multistrategy | QNZNX vs QSPIX | |
| American Funds The Income Fund of America Class A | 0.37 | 0.45 | — | 55 | Diversified Portfolio, Dividend | QNZNX vs AMECX | |
| Fidelity Large Cap Value Index Fund | 0.42 | 0.44 | — | 89 | Large Cap Value Equities | QNZNX vs FLCOX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QNZNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QNZNX and solid risk/return profiles. The least correlated is General American Investors Company, Inc. (GAM) (Financial Services) with a 1Y correlation of 0.43, roughly unchanged from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General American Investors Company, Inc. | 0.43 | 0.49 | 0.49 | 92 | Financial Services |
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