Looking to diversify beyond JLPSX? The mutual funds below have the lowest correlation with JLPSX — 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 JLPSX.
Best Diversifiers for JLPSX
2 mutual funds have low correlation with JLPSX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.23 | 0.20 | 0.26 | 80 | Multisector Bonds | JLPSX vs JMSIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.26 | 0.12 | 0.11 | 70 | Large Cap Blend Equities | JLPSX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.49 | 0.32 | 0.42 | 72 | Large Cap Blend Equities | JLPSX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.59 | 0.67 | 0.77 | 57 | Large Cap Blend Equities | JLPSX vs RCKSX | |
| Glenmede Responsible ESG U.S. Equity Portfolio | 0.65 | 0.75 | 0.84 | 88 | Large Cap Blend Equities | JLPSX vs RESGX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JLPSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JLPSX and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.05, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.05 | 0.18 | 0.31 | 86 | Energy | |
| Eli Lilly and Company | 0.16 | 0.32 | 0.33 | 72 | Healthcare |
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