Looking to diversify beyond JHQDX? The mutual funds below have historically moved differently from JHQDX, 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 JHQDX
2 mutual funds have low correlation with JHQDX (below 0.3), 0 of which are negatively correlated. The least correlated is Princeton Premium Fund (PPFIX) (Options Trading) with a 1Y correlation of 0.20, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Princeton Premium Fund | 0.20 | 0.19 | 0.18 | 100 | Options Trading | JHQDX vs PPFIX | |
| JPMorgan Income Fund Class I | 0.23 | 0.19 | 0.25 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JHQDX vs JMSIX | |
| Rational Tactical Return Fund | 0.62 | 0.43 | 0.28 | 63 | Options Trading | JHQDX vs HRSTX | |
| JPMorgan Equity Income Fund R6 | 0.64 | 0.63 | 0.74 | 89 | Large Cap Value Equities, Dividend | JHQDX vs OIEJX | |
| Gateway Fund Class Y Shares | 0.75 | 0.72 | 0.83 | 64 | Options Trading | JHQDX vs GTEYX |
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