Looking to diversify beyond XPMIX? The mutual funds below have historically moved differently from XPMIX, 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 XPMIX
15 mutual funds have low correlation with XPMIX (below 0.3), 4 of which are negatively correlated. The least correlated is AQR Style Premia Alternative R6 (QSPRX) (Multistrategy) with a 1Y correlation of -0.18, down from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative R6 | -0.18 | -0.14 | -0.07 | 90 | Multistrategy | XPMIX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | -0.17 | -0.13 | -0.07 | 90 | Multistrategy | XPMIX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.16 | -0.13 | -0.07 | 89 | Multistrategy | XPMIX vs QSPNX | |
| GMO Alternative Allocation Fund | -0.06 | 0.13 | 0.12 | 90 | Multistrategy | XPMIX vs GAAVX | |
| Symmetry Panoramic Alternatives Fund | 0.01 | 0.00 | 0.01 | 98 | Multistrategy | XPMIX vs SPATX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XPMIX, 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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.07, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.07 | 0.13 | 0.08 | 85 | Energy | |
| American Electric Power Company, Inc. | -0.02 | 0.06 | 0.03 | 73 | Utilities |
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