Looking to diversify beyond QRPNX? The mutual funds below have the lowest correlation with QRPNX — 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 QRPNX.
Best Diversifiers for QRPNX
22 mutual funds have low correlation with QRPNX (below 0.3), 1 of which are negatively correlated. The least correlated is FS Credit Income Fund Class I (FCRIX) (Multistrategy) with a 1Y correlation of -0.03, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FS Credit Income Fund Class I | -0.03 | -0.06 | -0.11 | 98 | Multistrategy | QRPNX vs FCRIX | |
| Destinations Multi Strategy Alternatives Fund | 0.04 | 0.01 | -0.10 | 63 | Multistrategy | QRPNX vs DMSFX | |
| Stone Ridge Diversified Alternatives Fund | 0.05 | 0.09 | 0.10 | 93 | Multistrategy | QRPNX vs SRDAX | |
| Morningstar Alternatives Fund | 0.06 | 0.07 | -0.02 | 78 | Multistrategy | QRPNX vs MSTVX | |
| AQR Diversified Arbitrage Fund Class I | 0.07 | 0.07 | -0.12 | 99 | Multistrategy | QRPNX vs ADAIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QRPNX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QRPNX and solid risk/return profiles. The least correlated is NNN REIT, Inc. (NNN) (Real Estate) with a 1Y correlation of -0.14, roughly unchanged from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NNN REIT, Inc. | -0.14 | -0.08 | -0.10 | 71 | Real Estate | |
| Realty Income Corporation | -0.08 | -0.06 | -0.09 | 72 | Real Estate | |
| Digital Realty Trust, Inc. | 0.03 | 0.01 | -0.13 | 55 | Real Estate |
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