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JPMorgan Core Plus Bond Fund (HLIPX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The fund will invest at least 80% of its assets in bonds. Under normal conditions, at least 70% of its total assets must be invested in securities that, at the time of purchase, are rated investment grade. The fund’s investments in below investment grade securities or the unrated equivalent including below investment grade foreign securities will not, under normal circumstances, exceed more than 30% of the fund’s total assets. Its average weighted maturity will ordinarily range between five and twenty years.

Looking to diversify beyond HLIPX? The mutual funds below have the lowest correlation with HLIPX — 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 HLIPX.

Best Diversifiers for HLIPX

1 mutual funds have low correlation with HLIPX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Blue Chip Growth Fund (FBGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.21, roughly unchanged from 0.14 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
FBGRX
Fidelity Blue Chip Growth Fund0.210.160.14
68
Large Cap Growth EquitiesHLIPX vs FBGRX
HOBIX
Holbrook Income Fund Class I0.300.330.37
98
Intermediate Core-Plus BondHLIPX vs HOBIX
VFIAX
Vanguard 500 Index Fund Admiral Shares0.320.220.17
65
S&P 500, Large Cap Blend EquitiesHLIPX vs VFIAX
OIEJX
JPMorgan Equity Income Fund R60.330.210.14
80
Large Cap Value Equities, DividendHLIPX vs OIEJX
FXAIX
Fidelity 500 Index Fund0.340.220.17
65
S&P 500HLIPX vs FXAIX
See all 13 diversifiers for HLIPX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from HLIPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HLIPX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.20, roughly unchanged from 0.14 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.200.170.14
87
Technology

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Diversification Analysis

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