Looking to diversify beyond JAKRX? The mutual funds below have historically moved differently from JAKRX, 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 JAKRX
13 mutual funds have low correlation with JAKRX (below 0.3), 4 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Miller Market Neutral Income Fund Class I | -0.18 | — | — | 99 | Equity Market Neutral | JAKRX vs MMNIX | |
| Vanguard Market Neutral Fund Institutional Shares | -0.06 | — | — | 97 | Long-Short | JAKRX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.05 | — | — | 97 | Long-Short | JAKRX vs VMNFX | |
| Federated Hermes MDT Market Neutral A | -0.01 | — | — | 54 | Long-Short | JAKRX vs QAMNX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.07 | — | — | 100 | Multistrategy | JAKRX vs SRRIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JAKRX, 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 General American Investors Company, Inc. (GAM) (Financial Services) with a 1Y correlation of 0.47, roughly unchanged from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General American Investors Company, Inc. | 0.47 | 0.42 | 0.42 | 93 | Financial Services |
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