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 | -0.19 | — | — | 99 | Equity Market Neutral | JAKRX vs MMNIX | |
| Vanguard Market Neutral Fund Institutional Shares | -0.10 | — | — | 85 | Long-Short | JAKRX vs VMNIX | |
| Vanguard Market Neutral Fund Investor Shares | -0.09 | — | — | 85 | Long-Short | JAKRX vs VMNFX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | 0.04 | — | — | 100 | Multistrategy | JAKRX vs SRRIX | |
| Knights of Columbus Long/Short Equity Fund | 0.11 | — | — | 60 | Long-Short | JAKRX vs KCEIX |
See all 45 diversifiers for JAKRX
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Diversification Analysis
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