Looking to diversify beyond JHEQX? The mutual funds below have the lowest correlation with JHEQX — 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 JHEQX.
Best Diversifiers for JHEQX
19 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 (QSPIX) (Multistrategy) with a 1Y correlation of -0.09, roughly unchanged from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund | -0.09 | -0.11 | -0.16 | 78 | Multistrategy | JHEQX vs QSPIX | |
| JPMorgan Ultra-Short Municipal Fund | 0.02 | 0.00 | -0.02 | 99 | Municipal Bonds | JHEQX vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.05 | 0.07 | 0.07 | 99 | Municipal Bonds | JHEQX vs USMSX | |
| JPMorgan California Tax Free Bond Fund Class C | 0.09 | 0.12 | 0.11 | 65 | Municipal Bonds | JHEQX vs JCBCX | |
| JPMorgan California Tax Free Bond Fund | 0.09 | 0.14 | 0.11 | 68 | Municipal Bonds | JHEQX vs JPICX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JHEQX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JHEQX and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of 0.08, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | 0.08 | 0.17 | 0.22 | 79 | Healthcare | |
| McKesson Corporation | 0.10 | 0.08 | 0.19 | 60 | Healthcare | |
| Berkshire Hathaway Inc. | 0.14 | 0.32 | 0.48 | 53 | Financial Services | |
| RTX Corporation | 0.27 | 0.23 | 0.37 | 81 | Industrials | |
| Starbucks Corporation | 0.31 | 0.33 | 0.46 | 62 | Consumer Cyclical |
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