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
35 mutual funds have low correlation with QQQX (below 0.3), 0 of which are negatively correlated. The least correlated is Princeton Premium Fund (PPFIX) (Options Trading) with a 1Y correlation of 0.13, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Princeton Premium Fund | 0.13 | 0.12 | 0.12 | 100 | Options Trading | QQQX vs PPFIX | |
| Nuveen Short Term Municipal Bond Fund | 0.17 | 0.14 | 0.11 | 72 | Municipal Bonds | QQQX vs FSHYX | |
| Nuveen Colorado Municipal Bond Fund | 0.19 | 0.14 | 0.13 | 72 | Municipal Bonds | QQQX vs FCOTX | |
| Nuveen New Mexico Municipal Bond Fund | 0.19 | 0.14 | 0.12 | 82 | Municipal Bonds | QQQX vs FNMTX | |
| Nuveen Arizona Municipal Bond Fund | 0.20 | 0.16 | 0.15 | 75 | Municipal Bonds | QQQX vs FAZTX |
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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 DNP Select Income Fund Inc. (DNP) (Financial Services) with a 1Y correlation of 0.24, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DNP Select Income Fund Inc. | 0.24 | 0.20 | 0.27 | 88 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.27 | 0.26 | 0.38 | 69 | Financial Services | |
| Dynex Capital, Inc. | 0.32 | 0.37 | 0.40 | 76 | Real Estate | |
| Reaves Utility Income Trust | 0.40 | 0.35 | 0.40 | 81 | Financial Services | |
| BlackRock Science and Technology Trust II | 0.71 | 0.70 | 0.73 | 96 | Financial Services |
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