PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

JPMorgan Floating Rate Income Fund (JPHSX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 24, 2026

The investment seeks to provide current income with a secondary objective of capital appreciation. The fund invests mainly in floating rate debt instruments issued by corporations. It normally invests at least 80% of its assets in floating rate instruments including Loans, convertible securities, corporate bonds, preferred shares and other floating rate debt instruments. The fund may invest up to 100% of its total assets in below investment grade securities or unrated securities that the adviser deems to be of equivalent quality. Up to 20% of the fund's total assets may be invested in non-U.S. dollar denominated securities in foreign and "emerging markets."

Looking to diversify beyond JPHSX? The mutual funds below have the lowest correlation with JPHSX — 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 JPHSX.

Best Diversifiers for JPHSX

9 mutual funds have low correlation with JPHSX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.01, down from 0.12 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XPTFX
Federated Hermes Project and Trade Finance Tender ...-0.010.060.12
84
Bank LoanJPHSX vs XPTFX
JMSIX
JPMorgan Income Fund0.050.110.26
78
Multisector BondsJPHSX vs JMSIX
RCRIX
RiverPark Floating Rate CMBS Fund0.100.130.19
100
Bank LoanJPHSX vs RCRIX
CAPIX
Calamos Aksia Alternative Credit and Income Fund C...0.14——
98
Bank LoanJPHSX vs CAPIX
VSIAX
Vanguard Small-Cap Value Index Fund Admiral Shares0.210.310.34
53
Small Cap Value EquitiesJPHSX vs VSIAX
See all 25 diversifiers for JPHSX

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from JPHSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JPHSX and solid risk/return profiles. The least correlated is Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.12, down from 0.25 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
UTF
Cohen & Steers Infrastructure Fund, Inc0.120.190.25
67
Financial Services

Rows per page

1–1 of 1

Diversification Analysis

Build a portfolio that complements JPHSX

Add JPHSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with JPHSX