Looking to diversify beyond JQC? The mutual funds below have historically moved differently from JQC, 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 JQC
101 mutual funds have low correlation with JQC (below 0.3), 3 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 -0.10, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | -0.10 | -0.01 | 0.01 | 93 | Bank Loan | JQC vs XPTFX | |
| Nuveen Short Term Municipal Bond Fund | -0.01 | 0.05 | 0.07 | 66 | Municipal Bonds | JQC vs FSHYX | |
| Calamos Aksia Alternative Credit and Income Fund C... | -0.01 | — | — | 99 | Bank Loan | JQC vs CAPIX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.00 | 0.03 | 0.09 | 91 | High Yield Muni | JQC vs NVHIX | |
| Nuveen Real Estate Securities Fund | 0.01 | 0.19 | 0.28 | 72 | REIT | JQC vs FARCX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JQC, 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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.08, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.08 | 0.11 | 0.19 | 77 | Real Estate | |
| LTC Properties, Inc. | -0.02 | 0.14 | 0.16 | 80 | Real Estate | |
| Reaves Utility Income Trust | 0.09 | 0.22 | 0.27 | 55 | Financial Services | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.11 | 0.11 | 0.11 | 57 | Technology | |
| Cohen & Steers Infrastructure Fund, Inc | 0.19 | 0.25 | 0.31 | 74 | Financial Services |
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