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
62 mutual funds have low correlation with QSPIX (below 0.3), 37 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Strategy Alternative Fund (SMSAX) (Multistrategy) with a 1Y correlation of -0.25, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Strategy Alt... | -0.25 | -0.20 | -0.16 | 84 | Multistrategy | QSPIX vs SMSAX | |
| Destinations Multi Strategy Alternatives Fund | -0.25 | -0.16 | -0.17 | 54 | Multistrategy | QSPIX vs DMSFX | |
| Vanguard Windsor Fund Investor Shares | -0.24 | -0.11 | -0.09 | 63 | Large Cap Value Equities | QSPIX vs VWNDX | |
| First Eagle Global Fund Class I | -0.23 | -0.16 | -0.13 | 60 | Global Equities | QSPIX vs SGIIX | |
| PIMCO Income Fund Class I-2 | -0.21 | -0.18 | -0.22 | 57 | Multisector Bonds | QSPIX vs PONPX |
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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 -0.19, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sun Life Financial Inc. | -0.19 | -0.05 | 0.01 | 88 | Financial Services | |
| MetLife, Inc. | -0.03 | 0.07 | 0.09 | 73 | Financial Services |
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