Looking to diversify beyond JHQAX? The mutual funds below have historically moved differently from JHQAX, 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 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 Class I (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.16, roughly unchanged from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund Class I | 0.16 | 0.18 | 0.23 | 81 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JHQAX vs JMSIX | |
| Princeton Premium Fund | 0.22 | 0.20 | 0.19 | 100 | Options Trading | JHQAX vs PPFIX | |
| Intrepid Income Fund | 0.38 | 0.41 | 0.39 | 96 | Multisector Bonds, High Yield Bonds, Actively Managed | JHQAX vs ICMUX | |
| Rational Tactical Return Fund | 0.47 | 0.35 | 0.25 | 63 | Options Trading | JHQAX vs HRSTX | |
| Manning & Napier High Yield Bond I | 0.50 | 0.43 | 0.42 | 75 | High Yield Bonds | JHQAX vs MNHAX |
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