Looking to diversify beyond SQIFX? The mutual funds below have the lowest correlation with SQIFX — 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 SQIFX.
Best Diversifiers for SQIFX
17 mutual funds have low correlation with SQIFX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Ultra Short-Term Bond Fund Class I (TRSTX) (Ultrashort Bond) with a 1Y correlation of 0.05, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.05 | 0.34 | 0.34 | 99 | Ultrashort Bond | SQIFX vs TRSTX | |
| Tactical Multi-Purpose Fund | 0.07 | 0.01 | 0.01 | 100 | Ultrashort Bond | SQIFX vs TMPFX | |
| DFA One Year Fixed Income Portfolio | 0.09 | 0.03 | 0.20 | 99 | Ultrashort Bond | SQIFX vs DFIHX | |
| CrossingBridge Ultra-Short Duration Fund | 0.10 | 0.06 | — | 99 | Ultrashort Bond | SQIFX vs CBUDX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.10 | 0.23 | 0.23 | 100 | Ultrashort Bond | SQIFX vs BUBIX |
See all 29 diversifiers for SQIFX
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