Looking to diversify beyond QSPIX? The mutual funds below have the lowest correlation with QSPIX — 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 QSPIX.
Best Diversifiers for QSPIX
54 mutual funds have low correlation with QSPIX (below 0.3), 35 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Strategy Alternative Fund (SMSAX) (Multistrategy) with a 1Y correlation of -0.26, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Strategy Alt... | -0.26 | -0.19 | -0.17 | 88 | Multistrategy | QSPIX vs SMSAX | |
| Aspiriant Defensive Allocation Fund | -0.20 | -0.10 | -0.07 | 94 | Multistrategy | QSPIX vs RMDFX | |
| Multi-Manager Alternative Strategies Fund | -0.17 | -0.05 | -0.02 | 91 | Multistrategy | QSPIX vs CZAMX | |
| John Hancock Funds Multi-Index 2035 Lifetime Portf... | -0.17 | -0.14 | -0.20 | 66 | Target Retirement Date | QSPIX vs JRTMX | |
| StepStone Private Markets Fund Class I | -0.17 | -0.13 | -0.07 | 89 | Multistrategy | QSPIX vs XPMIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QSPIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QSPIX and solid risk/return profiles. The least correlated is Sun Life Financial Inc. (SLF) (Financial Services) with a 1Y correlation of -0.16, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sun Life Financial Inc. | -0.16 | -0.03 | 0.01 | 72 | Financial Services |
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