Looking to diversify beyond FNJZX? The mutual funds below have the lowest correlation with FNJZX — 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 FNJZX.
Best Diversifiers for FNJZX
12 mutual funds have low correlation with FNJZX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMSX) (Municipal Bonds) with a 1Y correlation of 0.14, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.14 | 0.30 | 0.36 | 99 | Municipal Bonds | FNJZX vs USMSX | |
| DFA Short Term Municipal Bond Portfolio | 0.16 | 0.27 | 0.35 | 99 | Municipal Bonds | FNJZX vs DFSMX | |
| Federated Hermes Conservative Municipal Microshort... | 0.18 | 0.18 | 0.14 | 98 | Municipal Bonds | FNJZX vs FHMIX | |
| Franklin Income Fund Advisor Class | 0.20 | 0.32 | 0.24 | 92 | Diversified Portfolio | FNJZX vs FRIAX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.21 | 0.28 | — | 100 | Municipal Bonds | FNJZX vs DFABX |
See all 18 diversifiers for FNJZX
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