Looking to diversify beyond JHEQX? The mutual funds below have historically moved differently from JHEQX, 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 JHEQX
14 mutual funds have low correlation with JHEQX (below 0.3), 1 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund - Class I (QSPIX) (Multistrategy) with a 1Y correlation of -0.07, roughly unchanged from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund - Class I | -0.07 | -0.10 | -0.15 | 90 | Multistrategy | JHEQX vs QSPIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.03 | 0.00 | -0.02 | 98 | Municipal Bonds | JHEQX vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.05 | 0.06 | 0.07 | 98 | Municipal Bonds | JHEQX vs USMSX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.12 | -0.05 | -0.10 | 99 | Total Bond Market | JHEQX vs JSOSX | |
| JPMorgan Short Duration Bond Fund Class C | 0.13 | 0.07 | 0.08 | 59 | Short-Term Bond | JHEQX vs OSTCX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JHEQX, 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 AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of 0.03, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | 0.03 | 0.17 | 0.21 | 81 | Healthcare | |
| McKesson Corporation | 0.06 | 0.08 | 0.18 | 67 | Healthcare | |
| Berkshire Hathaway Inc. | 0.10 | 0.32 | 0.48 | 61 | Financial Services | |
| RTX Corporation | 0.25 | 0.23 | 0.36 | 82 | Industrials | |
| Starbucks Corporation | 0.30 | 0.32 | 0.45 | 68 | Consumer Cyclical |
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