Looking to diversify beyond JLPSX? The mutual funds below have historically moved differently from JLPSX, 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 JLPSX
1 mutual funds have low correlation with JLPSX (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 0.29, roughly unchanged from 0.27 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 | 0.29 | 0.21 | 0.27 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JLPSX vs JMSIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.36 | 0.15 | 0.12 | 97 | Large Cap Blend Equities | JLPSX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.53 | 0.35 | 0.40 | 59 | Preferred Stock | JLPSX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.54 | 0.66 | 0.76 | 89 | Large Cap Blend Equities | JLPSX vs RCKSX | |
| Muhlenkamp Fund | 0.58 | 0.65 | 0.71 | 59 | Large Cap Blend Equities | JLPSX vs MUHLX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JLPSX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.16, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.16 | 0.13 | 0.28 | 89 | Energy | |
| Berkshire Hathaway Inc. | 0.01 | 0.28 | 0.47 | 61 | Financial Services | |
| Eli Lilly and Company | 0.10 | 0.29 | 0.32 | 83 | Healthcare |
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