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
16 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 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.09 | 0.10 | 0.21 | 70 | Energy Equities | USNQX vs FSENX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.02 | — | — | 100 | Nontraditional Bonds | USNQX vs CBYYX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.07 | 0.05 | 0.12 | 89 | Inflation-Protected Bonds | USNQX vs VTAPX | |
| USAA Ultra Short-Term Bond Fund | 0.13 | 0.12 | 0.13 | 98 | Ultrashort Bond | USNQX vs UUSTX | |
| Victory INCORE Low Duration Bond Fund | 0.14 | 0.09 | 0.21 | 81 | Short-Term Bond | USNQX vs RLDAX |
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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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.34, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.34 | -0.09 | 0.11 | 83 | Financial Services | |
| Duke Energy Corporation | -0.28 | -0.16 | -0.02 | 65 | Utilities | |
| The Coca-Cola Company | -0.26 | -0.09 | 0.11 | 82 | Consumer Defensive | |
| Altria Group, Inc. | -0.26 | -0.12 | -0.01 | 78 | Consumer Defensive | |
| Verizon Communications Inc. | -0.26 | -0.11 | 0.02 | 57 | Communication Services |
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