Looking to diversify beyond TQAIX? The mutual funds below have historically moved differently from TQAIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TQAIX
0 mutual funds have low correlation with TQAIX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Health Sciences Fund Class I (THISX) (Health & Biotech Equities) with a 1Y correlation of 0.48, down from 0.72 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T. Rowe Price Health Sciences Fund Class I | 0.48 | 0.64 | 0.72 | 72 | Health & Biotech Equities | TQAIX vs THISX | |
| Dodge & Cox International Stock Fund | 0.70 | 0.66 | 0.70 | 82 | Foreign Large Cap Equities, Large Cap Value Equities, Actively Managed | TQAIX vs DODFX | |
| T. Rowe Price Dividend Growth Fund, Inc. | 0.72 | 0.80 | 0.82 | 77 | Large Cap Blend Equities, Dividend | TQAIX vs PRDGX | |
| T. Rowe Price U.S. Equity Research Fund | 0.78 | 0.81 | 0.85 | 56 | Large Cap Blend Equities | TQAIX vs PRCOX | |
| Vanguard Small Cap Value Index Fund | 0.79 | 0.86 | 0.89 | 76 | Small Cap Value Equities | TQAIX vs VISVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TQAIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.23 | -0.01 | 0.15 | 90 | Consumer Defensive | |
| Chubb Limited | -0.20 | 0.07 | 0.23 | 89 | Financial Services | |
| Johnson & Johnson | -0.06 | 0.04 | 0.10 | 97 | Healthcare | |
| Bristol-Myers Squibb Company | 0.13 | 0.17 | 0.20 | 92 | Healthcare | |
| RTX Corporation | 0.26 | 0.28 | 0.40 | 82 | Industrials |
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