Looking to diversify beyond JAFLX? The mutual funds below have historically moved differently from JAFLX, 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 JAFLX
0 mutual funds have low correlation with JAFLX (below 0.3), 0 of which are negatively correlated. The least correlated is Holbrook Income Fund Class I (HOBIX) (Intermediate Core-Plus Bond) with a 1Y correlation of 0.38, roughly unchanged from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Holbrook Income Fund Class I | 0.38 | 0.32 | 0.38 | 98 | Intermediate Core-Plus Bond | JAFLX vs HOBIX | |
| Leader Capital High Quality Floating Rate Fund Inv... | 0.48 | 0.23 | 0.17 | 81 | Intermediate Core-Plus Bond | JAFLX vs LCTRX | |
| Leader Capital High Quality Income Fund Institutio... | 0.49 | 0.21 | 0.15 | 86 | Intermediate Core-Plus Bond | JAFLX vs LCTIX | |
| GMO Multi-Sector Fixed Income Fund | 0.57 | 0.87 | 0.89 | 89 | Intermediate Core-Plus Bond | JAFLX vs GUGAX | |
| SEI Tax Exempt Trust Tax-Advantaged Income Fund | 0.62 | 0.61 | 0.55 | 50 | Intermediate Core-Plus Bond | JAFLX vs SEATX |
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