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
8 mutual funds have low correlation with JABLX (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 | JABLX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.22 | 0.44 | 0.51 | 82 | Diversified Portfolio | JABLX vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.23 | 0.44 | 0.51 | 88 | Diversified Portfolio | JABLX vs FSRKX | |
| Fidelity Strategic Real Return Fund | 0.24 | 0.45 | 0.52 | 87 | Diversified Portfolio | JABLX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.24 | 0.44 | 0.51 | 86 | 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 Pfizer Inc. (PFE) (Healthcare) with a 1Y correlation of 0.16, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pfizer Inc. | 0.16 | 0.19 | 0.24 | 58 | Healthcare | |
| Koninklijke Philips N.V. | 0.53 | 0.43 | 0.46 | 66 | Healthcare | |
| NVIDIA Corporation | 0.62 | 0.65 | 0.70 | 76 | Technology |
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