Looking to diversify beyond JHQTX? The mutual funds below have historically moved differently from JHQTX, 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 JHQTX
2 mutual funds have low correlation with JHQTX (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 | 0.17 | 0.18 | 100 | Options Trading | JHQTX vs PPFIX | |
| JPMorgan Income Fund Class I | 0.21 | 0.18 | 0.25 | 81 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JHQTX vs JMSIX | |
| Calamos Market Neutral Income Fund Institutional C... | 0.54 | 0.62 | 0.76 | 98 | JHQTX vs CMNIX | ||
| Rational Tactical Return Fund | 0.59 | 0.40 | 0.27 | 63 | Options Trading | JHQTX vs HRSTX | |
| JPMorgan Equity Income Fund R6 | 0.61 | 0.65 | 0.75 | 91 | Large Cap Value Equities, Dividend | JHQTX vs OIEJX |
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