Looking to diversify beyond RQIIX? The mutual funds below have the lowest correlation with RQIIX — 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 RQIIX.
Best Diversifiers for RQIIX
21 mutual funds have low correlation with RQIIX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.06 | 0.14 | 67 | Diversified Portfolio | RQIIX vs MHELX | |
| Concorde Wealth Management Fund | 0.07 | 0.09 | 0.14 | 55 | Diversified Portfolio | RQIIX vs CONWX | |
| Standpoint Multi-Asset Fund Institutional | 0.07 | -0.07 | -0.04 | 81 | Diversified Portfolio | RQIIX vs BLNDX | |
| Virtus Diversified Income & Convertible Fund | 0.08 | 0.12 | 0.19 | 66 | Diversified Portfolio | RQIIX vs ACV | |
| Allspring Diversified Capital Builder Fund | 0.12 | 0.07 | 0.13 | 95 | Diversified Portfolio | RQIIX vs EKBAX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RQIIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RQIIX and solid risk/return profiles. The least correlated is Cohen & Steers Quality Income Realty Fund (RQI) (Financial Services) with a 1Y correlation of 0.25, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Quality Income Realty Fund | 0.25 | 0.32 | 0.31 | 59 | Financial Services |
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