Looking to diversify beyond USNQX? The mutual funds below have the lowest correlation with USNQX — 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 USNQX.
Best Diversifiers for USNQX
15 mutual funds have low correlation with USNQX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.10, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.10 | 0.10 | 0.21 | 79 | Energy Equities | USNQX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.03 | 0.04 | 0.12 | 94 | Inflation-Protected Bonds | USNQX vs VTAPX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.05 | -0.00 | -0.00 | 100 | Nontraditional Bonds | USNQX vs CBYYX | |
| USAA Virginia Bond Fund | 0.08 | 0.09 | 0.10 | 68 | Municipal Bonds | USNQX vs USVAX | |
| USAA California Bond Fund | 0.10 | 0.09 | 0.09 | 58 | Municipal Bonds | USNQX vs USCBX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from USNQX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to USNQX and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.23, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.23 | -0.14 | -0.01 | 53 | Utilities | |
| Altria Group, Inc. | -0.22 | -0.09 | 0.00 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.18 | -0.05 | 0.06 | 85 | Energy | |
| Chubb Limited | -0.18 | -0.05 | 0.11 | 51 | Financial Services | |
| The Coca-Cola Company | -0.17 | -0.04 | 0.13 | 66 | Consumer Defensive |
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