Looking to diversify beyond JQC? The mutual funds below have the lowest correlation with JQC — 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 JQC.
Best Diversifiers for JQC
97 mutual funds have low correlation with JQC (below 0.3), 4 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 -0.11, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.11 | -0.01 | 0.01 | 91 | Bank Loan | JQC vs XPTFX | |
| Nuveen Short Term Municipal Bond Fund | -0.02 | 0.04 | 0.07 | 72 | Municipal Bonds | JQC vs FSHYX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | -0.02 | 0.03 | 0.09 | 77 | High Yield Muni | JQC vs NVHIX | |
| Nuveen Arizona Municipal Bond Fund | -0.00 | 0.06 | 0.09 | 81 | Municipal Bonds | JQC vs FAZTX | |
| Nuveen New Mexico Municipal Bond Fund | 0.01 | 0.05 | 0.08 | 88 | Municipal Bonds | JQC vs FNMTX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JQC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JQC and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.08, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.08 | 0.12 | 0.19 | 74 | Real Estate | |
| LTC Properties, Inc. | -0.03 | 0.13 | 0.16 | 74 | Real Estate | |
| Reaves Utility Income Trust | 0.12 | 0.22 | 0.27 | 74 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.19 | 0.25 | 0.31 | 73 | Financial Services | |
| BlackRock Capital Allocation Term Trust | 0.27 | 0.32 | 0.39 | 94 | Financial Services |
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