Looking to diversify beyond JEPIX? The mutual funds below have historically moved differently from JEPIX, 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 JEPIX
19 mutual funds have low correlation with JEPIX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMTX) (Municipal Bonds) with a 1Y correlation of 0.04, roughly unchanged from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.04 | 0.02 | -0.00 | 98 | Municipal Bonds | JEPIX vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.09 | 0.06 | 0.07 | 98 | Municipal Bonds | JEPIX vs USMSX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.12 | -0.07 | -0.10 | 99 | Total Bond Market | JEPIX vs JSOSX | |
| Federated Hermes MDT All Cap Core Fund | 0.15 | 0.43 | 0.59 | 53 | Large Cap Blend Equities | JEPIX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.17 | 0.43 | 0.60 | 50 | Large Cap Blend Equities | JEPIX vs QKACX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JEPIX, 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 BP p.l.c. (BP) (Energy) with a 1Y correlation of 0.01, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP p.l.c. | 0.01 | 0.13 | 0.20 | 84 | Energy | |
| Energy Transfer LP | 0.03 | 0.23 | 0.30 | 81 | Energy | |
| Altria Group, Inc. | 0.07 | 0.20 | 0.30 | 66 | Consumer Defensive | |
| NVIDIA Corporation | 0.08 | 0.23 | 0.34 | 56 | Technology | |
| Verizon Communications Inc. | 0.17 | 0.25 | 0.32 | 66 | Communication Services |
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