Looking to diversify beyond JHQDX? The mutual funds below have the lowest correlation with JHQDX — 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 JHQDX.
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 0.18, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Princeton Premium Fund | 0.18 | 0.18 | 0.19 | 100 | Options Trading | JHQDX vs PPFIX | |
| JPMorgan Income Fund | 0.20 | 0.18 | 0.25 | 81 | Multisector Bonds | JHQDX vs JMSIX | |
| Rational Tactical Return Fund | 0.55 | 0.39 | 0.27 | 55 | Options Trading | JHQDX vs HRSTX | |
| JPMorgan Equity Income Fund R6 | 0.64 | 0.63 | 0.74 | 77 | Large Cap Value Equities, Dividend | JHQDX vs OIEJX | |
| Gateway Fund Class Y Shares | 0.71 | 0.71 | 0.83 | 70 | Options Trading | JHQDX vs GTEYX |
See all 19 diversifiers for JHQDX
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