Looking to diversify beyond QSPMX? The mutual funds below have the lowest correlation with QSPMX — 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 QSPMX.
Best Diversifiers for QSPMX
13 mutual funds have low correlation with QSPMX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.20, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.20 | -0.14 | -0.01 | 65 | Diversified Portfolio | QSPMX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.08 | 0.27 | 66 | Diversified Portfolio | QSPMX vs MHELX | |
| Fidelity Strategic Real Return Fund | 0.15 | 0.16 | 0.25 | 83 | Diversified Portfolio | QSPMX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.15 | 0.16 | 0.25 | 80 | Diversified Portfolio | QSPMX vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.16 | 0.16 | 0.25 | 85 | Diversified Portfolio | QSPMX vs FSRKX |
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