Looking to diversify beyond USNQX? The mutual funds below have historically moved differently from USNQX, 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 USNQX
19 mutual funds have low correlation with USNQX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.09, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.09 | 0.10 | 0.20 | 87 | Energy Equities | USNQX vs FSENX | |
| Victory Pioneer Multi-Asset Ultrashort Income Fund... | 0.01 | 0.03 | 0.06 | 98 | Ultrashort Bond | USNQX vs MAFRX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.04 | — | — | 100 | Nontraditional Bonds | USNQX vs CBYYX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.07 | 0.06 | 0.12 | 91 | Inflation-Protected Bonds | USNQX vs VTAPX | |
| USAA Ultra Short-Term Bond Fund | 0.13 | 0.11 | 0.13 | 98 | Ultrashort Bond | USNQX vs UUSTX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for USNQX, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.37, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.37 | -0.10 | 0.10 | 87 | Financial Services | |
| The Coca-Cola Company | -0.30 | -0.10 | 0.10 | 87 | Consumer Defensive | |
| Duke Energy Corporation | -0.30 | -0.17 | -0.03 | 52 | Utilities | |
| Altria Group, Inc. | -0.29 | -0.13 | -0.03 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.27 | -0.13 | 0.01 | 66 | Communication Services |
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