Looking to diversify beyond TQPAX? The mutual funds below have the lowest correlation with TQPAX — 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 TQPAX.
Best Diversifiers for TQPAX
4 mutual funds have low correlation with TQPAX (below 0.3), 2 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of -0.06, down from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | -0.06 | 0.17 | — | 99 | Multisector Bonds | TQPAX vs NWXEX | |
| Nationwide Amundi Strategic Income Fund | -0.04 | 0.17 | — | 99 | Multisector Bonds | TQPAX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.11 | 0.20 | — | 97 | Multisector Bonds | TQPAX vs CBLDX | |
| Touchstone Ultra Short Duration Fixed Income Fund | 0.19 | 0.28 | — | 99 | Ultrashort Bond | TQPAX vs TSDOX | |
| Touchstone International Equity Fund | 0.32 | 0.30 | — | 91 | Foreign Large Cap Equities | TQPAX vs SWRLX |
See all 16 diversifiers for TQPAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements TQPAX
Add TQPAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TQPAX