Looking to diversify beyond JHQAX? The mutual funds below have the lowest correlation with JHQAX — 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 JHQAX.
Best Diversifiers for JHQAX
2 mutual funds have low correlation with JHQAX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.11, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.11 | 0.17 | 0.23 | 80 | Multisector Bonds | JHQAX vs JMSIX | |
| Princeton Premium Fund | 0.23 | 0.18 | 0.20 | 100 | Options Trading | JHQAX vs PPFIX | |
| Intrepid Income Fund | 0.41 | 0.41 | 0.39 | 97 | Multisector Bonds | JHQAX vs ICMUX | |
| Rational Tactical Return Fund | 0.42 | 0.34 | 0.24 | 83 | Options Trading | JHQAX vs HRSTX | |
| Manning & Napier High Yield Bond I | 0.46 | 0.42 | 0.42 | 78 | High Yield Bonds | JHQAX vs MNHAX |
See all 27 diversifiers for JHQAX
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