Looking to diversify beyond JABAX? The mutual funds below have historically moved differently from JABAX, 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 JABAX
12 mutual funds have low correlation with JABAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.31, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.31 | -0.11 | 0.03 | 83 | Diversified Portfolio | JABAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.13 | 0.45 | 66 | Diversified Portfolio | JABAX vs MHELX | |
| Payden Limited Maturity Fund | 0.19 | 0.15 | 0.16 | 98 | Ultrashort Bond | JABAX vs PYLMX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.23 | 0.42 | 0.50 | 89 | Diversified Portfolio | JABAX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.24 | 0.43 | 0.50 | 91 | Diversified Portfolio | JABAX vs FSIRX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements JABAX
Add JABAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JABAX