Looking to diversify beyond JAAAX? The mutual funds below have historically moved differently from JAAAX, 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 JAAAX
23 mutual funds have low correlation with JAAAX (below 0.3), 5 of which are negatively correlated. The least correlated is Stone Ridge Diversified Alternatives Fund (SRDAX) (Multistrategy) with a 1Y correlation of -0.14, roughly unchanged from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge Diversified Alternatives Fund | -0.14 | -0.15 | -0.10 | 92 | Multistrategy | JAAAX vs SRDAX | |
| GuideStone Funds Strategic Alternatives Fund | -0.14 | -0.07 | -0.03 | 93 | Multistrategy | JAAAX vs GFSYX | |
| AQR Style Premia Alternative R6 | -0.03 | -0.08 | -0.12 | 90 | Multistrategy | JAAAX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | -0.03 | -0.07 | -0.12 | 90 | Multistrategy | JAAAX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.02 | -0.07 | -0.12 | 89 | Multistrategy | JAAAX vs QSPNX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JAAAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Pfizer Inc. (PFE) (Healthcare) with a 1Y correlation of 0.23, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pfizer Inc. | 0.23 | 0.25 | 0.28 | 64 | Healthcare | |
| Nebius Group N.V. | 0.25 | — | — | 92 | Communication Services | |
| Amazon.com, Inc | 0.35 | 0.44 | 0.53 | 60 | Consumer Cyclical | |
| Micron Technology, Inc. | 0.44 | 0.45 | 0.47 | 99 | Technology | |
| Cohen & Steers Infrastructure Fund, Inc | 0.47 | 0.45 | 0.50 | 74 | Financial Services |
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