Looking to diversify beyond SQBIX? The mutual funds below have the lowest correlation with SQBIX — 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 SQBIX.
Best Diversifiers for SQBIX
1 mutual funds have low correlation with SQBIX (below 0.3), 1 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 -0.00, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | -0.00 | 0.16 | 0.52 | 67 | Diversified Portfolio | SQBIX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.44 | 0.61 | 0.66 | 82 | Diversified Portfolio | SQBIX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.44 | 0.61 | 0.66 | 88 | Diversified Portfolio | SQBIX vs FIQDX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.45 | 0.62 | 0.67 | 88 | Diversified Portfolio | SQBIX vs FSRKX | |
| PGIM Real Assets Fund | 0.45 | 0.63 | 0.68 | 75 | Diversified Portfolio | SQBIX vs PUDZX |
See all 19 diversifiers for SQBIX
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