Looking to diversify beyond JABLX? The mutual funds below have historically moved differently from JABLX, 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 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 -0.32, 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... | -0.32 | -0.12 | 0.03 | 83 | Diversified Portfolio | JABLX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.13 | 0.45 | 66 | Diversified Portfolio | JABLX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.24 | 0.43 | 0.50 | 89 | Diversified Portfolio | JABLX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.25 | 0.42 | 0.50 | 91 | Diversified Portfolio | JABLX vs FIQDX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.25 | 0.43 | 0.50 | 91 | Diversified Portfolio | JABLX vs FSRKX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JABLX, 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 Kosmos Energy Ltd. (KOS) (Energy) with a 1Y correlation of -0.11, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kosmos Energy Ltd. | -0.11 | 0.04 | 0.15 | 57 | Energy | |
| Pfizer Inc. | 0.13 | 0.17 | 0.23 | 64 | Healthcare | |
| NVIDIA Corporation | 0.63 | 0.65 | 0.71 | 56 | Technology |
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