Looking to diversify beyond JAKRX? The mutual funds below have the lowest correlation with JAKRX — 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 JAKRX.
Best Diversifiers for JAKRX
11 mutual funds have low correlation with JAKRX (below 0.3), 3 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.16 | — | — | 99 | Equity Market Neutral | JAKRX vs MMNIX | |
| Vanguard Market Neutral Fund Institutional Shares | -0.08 | — | — | 95 | Long-Short | JAKRX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.07 | — | — | 95 | Long-Short | JAKRX vs VMNFX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.05 | — | — | 100 | Multistrategy | JAKRX vs SRRIX | |
| Pioneer Securitized Income Fund | 0.12 | — | — | 77 | Nontraditional Bonds | JAKRX vs SYFFX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JAKRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JAKRX and solid risk/return profiles. The least correlated is General American Investors Company, Inc. (GAM) (Financial Services) with a 1Y correlation of 0.48, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General American Investors Company, Inc. | 0.48 | 0.42 | 0.42 | 92 | Financial Services |
Build a portfolio that complements JAKRX
Add JAKRX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JAKRX