Looking to diversify beyond FJSYX? The mutual funds below have the lowest correlation with FJSYX — 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 FJSYX.
Best Diversifiers for FJSYX
3 mutual funds have low correlation with FJSYX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.09 | 0.08 | 0.11 | 100 | High Yield Bonds | FJSYX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.11 | 0.07 | 0.05 | 100 | High Yield Bonds | FJSYX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.13 | 0.17 | 0.23 | 99 | High Yield Bonds | FJSYX vs RPHIX | |
| RiverPark Strategic Income Fund | 0.41 | 0.35 | 0.40 | 68 | High Yield Bonds | FJSYX vs RSIIX | |
| Nuveen Equity Long/Short Fund | 0.42 | 0.39 | 0.42 | 58 | Long-Short | FJSYX vs NELIX |
See all 36 diversifiers for FJSYX
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