Looking to diversify beyond XQQQX? The mutual funds below have historically moved differently from XQQQX, 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 XQQQX
2 mutual funds have low correlation with XQQQX (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen High Yield Municipal Bond Fund (NHMRX) (High Yield Muni) with a 1Y correlation of 0.17, roughly unchanged from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.17 | 0.08 | 0.11 | 89 | High Yield Muni | XQQQX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.19 | 0.06 | 0.09 | 91 | High Yield Muni | XQQQX vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.45 | 0.30 | 0.32 | 73 | Preferred Stock | XQQQX vs NPSRX | |
| Voya Corporate Leaders 100 Fund Class A | 0.48 | 0.59 | 0.71 | 81 | Large Cap Growth Equities | XQQQX vs VYCAX | |
| Davis New York Venture Fund Class Y | 0.52 | 0.66 | 0.74 | 90 | Large Cap Growth Equities | XQQQX vs DNVYX |
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