Looking to diversify beyond THQ? The mutual funds below have the lowest correlation with THQ — 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 THQ.
Best Diversifiers for THQ
9 mutual funds have low correlation with THQ (below 0.3), 0 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 0.07 | 0.04 | 0.02 | 99 | Municipal Bonds | THQ vs ATOIX | |
| abrdn Short Duration High Yield Municipal Fund | 0.12 | 0.15 | 0.13 | 56 | High Yield Muni | THQ vs AHYMX | |
| abrdn Emerging Markets Instl Svc | 0.20 | 0.24 | 0.34 | 91 | Emerging Markets Diversified | THQ vs AEMSX | |
| abrdn Emerging Markets ex-China Fund | 0.20 | 0.29 | 0.42 | 96 | Emerging Markets Diversified | THQ vs GLLSX | |
| abrdn Emerging Markets Fund | 0.20 | 0.24 | 0.34 | 91 | Emerging Markets Diversified | THQ vs ABEMX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from THQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to THQ and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.07, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.07 | 0.09 | 0.18 | 83 | Energy | |
| Altria Group, Inc. | -0.06 | 0.15 | 0.22 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.05 | 0.08 | 0.17 | 85 | Energy | |
| Duke Energy Corporation | -0.02 | 0.19 | 0.27 | 53 | Utilities | |
| Reaves Utility Income Trust | 0.14 | 0.33 | 0.43 | 78 | Financial Services |
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