Looking to diversify beyond QQQX? The mutual funds below have the lowest correlation with QQQX — 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 QQQX.
Best Diversifiers for QQQX
39 mutual funds have low correlation with QQQX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Global Infrastructure Fund (FGIYX) (Energy Equities) with a 1Y correlation of 0.10, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Global Infrastructure Fund | 0.10 | 0.27 | 0.43 | 71 | Energy Equities | QQQX vs FGIYX | |
| Nuveen Global Infrastructure Fund Class A | 0.11 | 0.27 | 0.43 | 68 | Global Equities | QQQX vs FGIAX | |
| Princeton Premium Fund | 0.11 | 0.11 | 0.12 | 100 | Options Trading | QQQX vs PPFIX | |
| Nuveen Short Term Municipal Bond Fund | 0.16 | 0.14 | 0.11 | 72 | Municipal Bonds | QQQX vs FSHYX | |
| Nuveen Municipal Value Fund Inc. | 0.18 | 0.25 | 0.28 | 57 | Municipal Bonds | QQQX vs NUV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QQQX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QQQX and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.24, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.24 | -0.01 | 0.14 | 62 | Energy | |
| Dominion Energy, Inc. | -0.15 | -0.01 | 0.08 | 84 | Utilities | |
| Realty Income Corporation | -0.15 | 0.03 | 0.20 | 74 | Real Estate | |
| Simon Property Group, Inc. | 0.09 | 0.31 | 0.41 | 92 | Real Estate | |
| DNP Select Income Fund Inc. | 0.17 | 0.19 | 0.26 | 93 | Financial Services |
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