Predictive Objectives Discard Exogenous Control-Relevant Features: A Controlled Mechanistic Study

Joint-embedding predictive (JEPA-style) objectives learn representations by predicting future latents. In doing so they can discard features that are exogenous (uncontrollable by the agent) yet control-relevant, even when those features are trivially encodable. This occurs because the objective optimizes temporal predictability rather than control-relevance. We isolate this failure mode in a controlled 2x2 experimental design that varies feature controllability and relevance independently, using a predictability knob that decouples a feature's temporal predictability from its control-relevance. Comparing six objectives: reconstruction, JEPA, action-conditioned JEPA, controllability-based JEPA, inverse dynamics under a random policy, and reward-grounded JEPA, we observe that all evaluated reward-free predictive objectives leave the exogenous control-relevant feature near chance accuracy, while a reward-grounded variant retains it selectively. The remedy is label-efficient and robust: as little as 2% of reward-labeled transitions recovers the feature, the effect holds across two environments with different surface forms, and it persists across latent dimensions from 16 to 1024. Comparing the learned latent geometry against bisimulation theory's prediction, the JEPA latent realizes only a small fraction of the class separation a supervised reference attains.