Looking to diversify beyond JPC? The mutual funds below have historically moved differently from JPC, 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 JPC
2 mutual funds have low correlation with JPC (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Massachusetts Quality Municipal Income Fund (NMT) (Municipal Bonds) with a 1Y correlation of 0.13, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Massachusetts Quality Municipal Income Fund | 0.13 | 0.29 | 0.28 | 78 | Municipal Bonds | JPC vs NMT | |
| Nuveen Real Estate Securities Fund | 0.28 | 0.34 | 0.43 | 72 | REIT | JPC vs FARCX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.30 | 0.17 | 0.17 | 91 | High Yield Muni | JPC vs NVHIX | |
| Calamos Convertible Fund | 0.35 | 0.35 | 0.47 | 70 | Convertible Bonds | JPC vs CCVIX | |
| Calamos Convertible Fund | 0.35 | 0.35 | 0.47 | 72 | Convertible Bonds | JPC vs CICVX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JPC, 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 -0.13, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.13 | 0.15 | 0.24 | 89 | Energy | |
| Antero Midstream Corporation | -0.07 | 0.15 | 0.27 | 78 | Energy | |
| Energy Transfer LP | -0.04 | 0.17 | 0.27 | 81 | Energy | |
| Western Midstream Partners, LP | -0.03 | 0.17 | 0.26 | 80 | Energy | |
| Realty Income Corporation | 0.13 | 0.23 | 0.32 | 77 | Real Estate |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements JPC
Add JPC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JPC