Looking to diversify beyond CDJAX? The mutual funds below have the lowest correlation with CDJAX — 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 CDJAX.
Best Diversifiers for CDJAX
1 mutual funds have low correlation with CDJAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.09, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.09 | 0.21 | 0.53 | 64 | Diversified Portfolio | CDJAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.52 | 0.59 | 95 | Diversified Portfolio | CDJAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.52 | 0.59 | 96 | Diversified Portfolio | CDJAX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.51 | 0.59 | 96 | Diversified Portfolio | CDJAX vs FIQDX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.33 | 0.52 | 0.59 | 96 | Diversified Portfolio | CDJAX vs FSRKX |
See all 25 diversifiers for CDJAX
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Diversification Analysis
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