Looking to diversify beyond JBALX? The mutual funds below have historically moved differently from JBALX, 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 JBALX
5 mutual funds have low correlation with JBALX (below 0.3), 0 of which are negatively correlated. The least correlated is Wilmington Real Asset Fund (WMRIX) (Global Allocation) with a 1Y correlation of 0.17, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Wilmington Real Asset Fund | 0.17 | 0.37 | 0.46 | 90 | Global Allocation | JBALX vs WMRIX | |
| LoCorr Macro Strategies Fund Class I | 0.17 | 0.08 | -0.06 | 79 | Global Allocation | JBALX vs LFMIX | |
| Hartford Real Asset Fund | 0.22 | 0.36 | 0.47 | 97 | Global Allocation | JBALX vs HRLYX | |
| Lazard Real Assets Portfolio | 0.27 | 0.42 | 0.52 | 90 | Global Allocation | JBALX vs RALIX | |
| Cohen & Steers Real Assets Fund Inc | 0.27 | 0.40 | 0.49 | 65 | Global Allocation | JBALX vs RAPZX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JBALX, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.42, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.42 | 0.49 | 0.64 | 89 | Technology |
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