Looking to diversify beyond XPMIX? The mutual funds below have the lowest correlation with XPMIX — 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 XPMIX.
Best Diversifiers for XPMIX
14 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 -0.17, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative R6 | -0.17 | -0.13 | -0.07 | 71 | Multistrategy | XPMIX vs QSPRX | |
| AQR Style Premia Alternative Fund | -0.16 | -0.12 | -0.07 | 70 | Multistrategy | XPMIX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.16 | -0.12 | -0.06 | 67 | Multistrategy | XPMIX vs QSPNX | |
| GMO Alternative Allocation Fund | -0.05 | 0.14 | 0.13 | 65 | Multistrategy | XPMIX vs GAAVX | |
| Symmetry Panoramic Alternatives Fund | 0.01 | 0.00 | 0.02 | 97 | Multistrategy | XPMIX vs SPATX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XPMIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XPMIX and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.05, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.05 | 0.14 | 0.09 | 78 | Energy | |
| American Electric Power Company, Inc. | 0.02 | 0.05 | 0.03 | 87 | Utilities |
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