Looking to diversify beyond XQQQX? The mutual funds below have the lowest correlation with XQQQX — 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 XQQQX.
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 0.14, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.14 | 0.08 | 0.10 | 77 | High Yield Muni | XQQQX vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.20 | 0.06 | 0.09 | 76 | High Yield Muni | XQQQX vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.44 | 0.29 | 0.32 | 74 | Preferred Stock/Convertible Bonds | XQQQX vs NPSRX | |
| Voya Corporate Leaders 100 Fund Class A | 0.49 | 0.60 | 0.72 | 71 | Large Cap Growth Equities | XQQQX vs VYCAX | |
| ICON Equity Fund | 0.53 | 0.56 | 0.67 | 76 | Large Cap Growth Equities | XQQQX vs IOLZX |
See all 17 diversifiers for XQQQX
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