Looking to diversify beyond JATAX? The mutual funds below have historically moved differently from JATAX, 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 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 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ARK Venture Fund | 0.41 | 0.52 | 0.57 | 99 | Technology Equities | JATAX vs ARKVX | |
| Gabelli Global Content & Connectivity Fund Class I | 0.51 | 0.56 | 0.67 | 65 | Technology Equities | JATAX vs GTTIX | |
| Janus Henderson Triton Fund | 0.61 | 0.64 | 0.75 | 55 | Small Cap Growth Equities | JATAX vs JANIX | |
| Fidelity Select Tech Hardware Portfolio | 0.78 | 0.80 | 0.81 | 95 | Technology Equities | JATAX vs FDCPX | |
| Columbia Seligman Technology and Information Fund ... | 0.80 | 0.87 | 0.91 | 95 | Technology Equities | JATAX vs CCOYX |
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