Looking to diversify beyond JATAX? The mutual funds below have the lowest correlation with JATAX — 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 JATAX.
Best Diversifiers for JATAX
0 mutual funds have low correlation with JATAX (below 0.3), 0 of which are negatively correlated. The least correlated is ARK Venture Fund (ARKVX) (Technology Equities) with a 1Y correlation of 0.41, down from 0.53 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ARK Venture Fund | 0.41 | 0.53 | — | 98 | Technology Equities | JATAX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.50 | 0.57 | 0.68 | 82 | Technology Equities | JATAX vs GTTIX | |
| Firsthand Alternative Energy Fund | 0.60 | 0.62 | 0.68 | 56 | Technology Equities | JATAX vs ALTEX | |
| Columbia Seligman Premium Technology Growth Closed... | 0.74 | 0.78 | 0.81 | 98 | Technology Equities | JATAX vs STK | |
| Fidelity Select Tech Hardware Portfolio | 0.74 | 0.82 | 0.84 | 99 | Technology Equities | JATAX vs FDCPX |
See all 23 diversifiers for JATAX
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