Looking to diversify beyond CNJFX? The mutual funds below have the lowest correlation with CNJFX — 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 CNJFX.
Best Diversifiers for CNJFX
0 mutual funds have low correlation with CNJFX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Japanese Small Company Portfolio (DFJSX) (Japan Equities) with a 1Y correlation of 0.74, roughly unchanged from 0.81 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Japanese Small Company Portfolio | 0.74 | 0.77 | 0.81 | 62 | Japan Equities, Asia Pacific Equities | CNJFX vs DFJSX | |
| Hennessy Japan Fund | 0.75 | 0.75 | 0.82 | 55 | Japan Equities, Asia Pacific Equities | CNJFX vs HJPNX | |
| Fidelity Advisor Japan Fund Class C | 0.75 | 0.78 | 0.83 | 75 | Japan Equities, Asia Pacific Equities | CNJFX vs FJPCX | |
| Fidelity Japan Fund | 0.76 | 0.78 | 0.83 | 77 | Japan Equities, Asia Pacific Equities | CNJFX vs FJPNX | |
| Fidelity Advisor Japan Fund Class Z | 0.76 | 0.78 | 0.83 | 78 | Japan Equities, Asia Pacific Equities | CNJFX vs FIQLX |
See all 10 diversifiers for CNJFX
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