Looking to diversify beyond JABLX? The mutual funds below have the lowest correlation with JABLX — 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 JABLX.
Best Diversifiers for JABLX
10 mutual funds have low correlation with JABLX (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 -0.29, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.29 | -0.09 | 0.04 | 60 | Diversified Portfolio | JABLX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.14 | 0.45 | 67 | Diversified Portfolio | JABLX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.24 | 0.44 | 0.51 | 86 | Diversified Portfolio | JABLX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.25 | 0.43 | 0.51 | 91 | Diversified Portfolio | JABLX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.25 | 0.44 | 0.51 | 90 | Diversified Portfolio | JABLX vs FSIRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JABLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JABLX and solid risk/return profiles. The least correlated is Koninklijke Philips N.V. (PHG) (Healthcare) with a 1Y correlation of 0.53, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Koninklijke Philips N.V. | 0.53 | 0.43 | 0.46 | 60 | Healthcare | |
| NVIDIA Corporation | 0.61 | 0.65 | 0.70 | 69 | Technology |
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