Looking to diversify beyond QQQX? The mutual funds below have historically moved differently from QQQX, 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 QQQX
40 mutual funds have low correlation with QQQX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Real Estate Securities Fund (FARCX) (REIT) with a 1Y correlation of 0.08, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Real Estate Securities Fund | 0.08 | 0.28 | 0.41 | 72 | REIT | QQQX vs FARCX | |
| Nuveen Global Infrastructure Fund | 0.12 | 0.28 | 0.42 | 68 | Infrastructure Equities, Energy Equities | QQQX vs FGIYX | |
| Princeton Premium Fund | 0.13 | 0.12 | 0.12 | 100 | Options Trading | QQQX vs PPFIX | |
| Nuveen Global Infrastructure Fund Class A | 0.13 | 0.28 | 0.42 | 66 | Infrastructure Equities, Global Equities | QQQX vs FGIAX | |
| Cullen Enhanced Equity Income Fund | 0.13 | 0.25 | 0.39 | 52 | Derivative Income | QQQX vs ENHNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QQQX, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.24, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.24 | -0.02 | 0.13 | 70 | Energy | |
| Realty Income Corporation | -0.17 | 0.02 | 0.17 | 77 | Real Estate | |
| Dominion Energy, Inc. | -0.16 | -0.01 | 0.08 | 79 | Utilities | |
| Simon Property Group, Inc. | 0.06 | 0.30 | 0.40 | 94 | Real Estate | |
| DNP Select Income Fund Inc. | 0.14 | 0.19 | 0.26 | 89 | Financial Services |
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