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
2 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 N (ADANX) (Multistrategy) with a 1Y correlation of 0.02, roughly unchanged from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | 0.02 | 0.09 | — | 99 | Multistrategy | QNZNX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 0.02 | 0.11 | — | 99 | Multistrategy | QNZNX vs ADAIX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.37 | 0.30 | — | 92 | Long-Short | QNZNX vs BDMIX | |
| AQR Risk-Balanced Commodities Strategy Fund | 0.42 | 0.27 | — | 82 | Commodities | QNZNX vs ARCIX | |
| American Funds The Income Fund of America Class A | 0.43 | 0.48 | — | 53 | Diversified Portfolio, Dividend | QNZNX vs AMECX |
See all 42 diversifiers for QNZNX
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