Looking to diversify beyond TQCAX? The mutual funds below have historically moved differently from TQCAX, 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 TQCAX
3 mutual funds have low correlation with TQCAX (below 0.3), 0 of which are negatively correlated. The least correlated is Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) (Ultrashort Bond) with a 1Y correlation of 0.15, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Touchstone Ultra Short Duration Fixed Income Fund | 0.15 | 0.11 | 0.06 | 99 | Ultrashort Bond | TQCAX vs TSDOX | |
| GQG Partners US Quality Dividend Income Fund | 0.23 | 0.56 | 0.68 | 58 | Quality Factor, Large Cap Value Equities | TQCAX vs GQHPX | |
| Voya Corporate Leaders Trust Fund | 0.26 | 0.54 | 0.66 | 94 | Large Cap Value Equities | TQCAX vs LEXCX | |
| AMG Yacktman Focused Fund | 0.42 | 0.65 | 0.76 | 91 | Large Cap Value Equities | TQCAX vs YAFFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.49 | 0.61 | 0.71 | 95 | Large Cap Value Equities | TQCAX vs SVAIX |
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