Looking to diversify beyond JAAAX? The mutual funds below have the lowest correlation with JAAAX — 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 JAAAX.
Best Diversifiers for JAAAX
13 mutual funds have low correlation with JAAAX (below 0.3), 1 of which are negatively correlated. The least correlated is Stone Ridge Diversified Alternatives Fund (SRDAX) (Multistrategy) with a 1Y correlation of -0.18, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Stone Ridge Diversified Alternatives Fund | -0.18 | -0.17 | -0.11 | 83 | Multistrategy | JAAAX vs SRDAX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.00 | 0.03 | 0.02 | 100 | Multistrategy | JAAAX vs SRRIX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | 0.09 | 0.04 | 0.02 | 98 | Multistrategy | JAAAX vs SHRIX | |
| AQR Diversified Arbitrage Fund Class N | 0.12 | 0.23 | 0.41 | 99 | Multistrategy | JAAAX vs ADANX | |
| FS Credit Income Fund Class I | 0.13 | 0.35 | 0.45 | 97 | Multistrategy | JAAAX vs FCRIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JAAAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JAAAX and solid risk/return profiles. The least correlated is Nebius Group N.V. (NBIS) (Communication Services) with a 1Y correlation of 0.24, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nebius Group N.V. | 0.24 | 0.32 | 0.32 | 96 | Communication Services | |
| Pfizer Inc. | 0.29 | 0.25 | 0.27 | 58 | Healthcare | |
| Micron Technology, Inc. | 0.37 | 0.44 | 0.47 | 99 | Technology | |
| Amazon.com, Inc | 0.37 | 0.46 | 0.53 | 52 | Consumer Cyclical | |
| Cohen & Steers Infrastructure Fund, Inc | 0.49 | 0.44 | 0.51 | 69 | Financial Services |
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