Looking to diversify beyond QSPIX? The mutual funds below have historically moved differently from QSPIX, 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 QSPIX
69 mutual funds have low correlation with QSPIX (below 0.3), 43 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Strategy Alternative Fund (SMSAX) (Multistrategy) with a 1Y correlation of -0.23, roughly unchanged from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Strategy Alt... | -0.23 | -0.19 | -0.16 | 90 | Multistrategy | QSPIX vs SMSAX | |
| Vanguard Windsor Fund Investor Shares | -0.22 | -0.11 | -0.09 | 86 | Large Cap Value Equities | QSPIX vs VWNDX | |
| Destinations Multi Strategy Alternatives Fund | -0.22 | -0.16 | -0.17 | 71 | Multistrategy | QSPIX vs DMSFX | |
| First Eagle Global Fund Class I | -0.21 | -0.16 | -0.13 | 71 | Global Allocation | QSPIX vs SGIIX | |
| Morningstar Alternatives Fund | -0.17 | -0.07 | -0.07 | 79 | Multistrategy | QSPIX vs MSTVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for QSPIX, 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 Sun Life Financial Inc. (SLF) (Financial Services) with a 1Y correlation of -0.20, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sun Life Financial Inc. | -0.20 | -0.05 | -0.00 | 90 | Financial Services | |
| Berkshire Hathaway Inc. | -0.07 | 0.02 | 0.04 | 66 | Financial Services | |
| MetLife, Inc. | -0.04 | 0.07 | 0.09 | 78 | Financial Services |
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