Looking to diversify beyond JABAX? The mutual funds below have the lowest correlation with JABAX — 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 JABAX.
Best Diversifiers for JABAX
8 mutual funds have low correlation with JABAX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.07, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.07 | 0.16 | 0.46 | 67 | Diversified Portfolio | JABAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.22 | 0.45 | 0.51 | 82 | Diversified Portfolio | JABAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.23 | 0.44 | 0.52 | 86 | Diversified Portfolio | JABAX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.24 | 0.45 | 0.52 | 87 | Diversified Portfolio | JABAX vs FSRRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.24 | 0.44 | 0.51 | 88 | Diversified Portfolio | JABAX vs FSRKX |
See all 41 diversifiers for JABAX
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