Looking to diversify beyond JHQTX? The mutual funds below have the lowest correlation with JHQTX — 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 JHQTX.
Best Diversifiers for JHQTX
2 mutual funds have low correlation with JHQTX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.18, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.18 | 0.17 | 0.25 | 86 | Multisector Bonds | JHQTX vs JMSIX | |
| Princeton Premium Fund | 0.18 | 0.16 | 0.18 | 100 | Options Trading | JHQTX vs PPFIX | |
| Calamos Market Neutral Income Fund Institutional C... | 0.53 | 0.62 | 0.76 | 98 | JHQTX vs CMNIX | ||
| Rational Tactical Return Fund | 0.54 | 0.38 | 0.26 | 69 | Options Trading | JHQTX vs HRSTX | |
| JPMorgan Equity Income Fund R6 | 0.62 | 0.65 | 0.75 | 82 | Large Cap Value Equities, Dividend | JHQTX vs OIEJX |
See all 20 diversifiers for JHQTX
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