Looking to diversify beyond FJSYX? The mutual funds below have historically moved differently from FJSYX, 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 FJSYX
5 mutual funds have low correlation with FJSYX (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.04, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.04 | 0.15 | 0.28 | 73 | High Yield Bonds | FJSYX vs FOCIX | |
| Pioneer ILS Interval Fund | 0.09 | 0.08 | 0.05 | 100 | High Yield Bonds | FJSYX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.10 | 0.08 | 0.12 | 100 | Bank Loan, High Yield Bonds | FJSYX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.14 | 0.18 | 0.23 | 100 | High Yield Bonds | FJSYX vs RPHIX | |
| Nuveen Real Estate Securities Fund | 0.29 | 0.37 | 0.39 | 72 | REIT | FJSYX vs FARCX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FJSYX
Add FJSYX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FJSYX