Looking to diversify beyond JBALX? The mutual funds below have the lowest correlation with JBALX — 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 JBALX.
Best Diversifiers for JBALX
2 mutual funds have low correlation with JBALX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.14, up from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.14 | 0.06 | -0.05 | 85 | Global Allocation | JBALX vs LFMIX | |
| Hartford Real Asset Fund | 0.24 | 0.39 | 0.49 | 88 | Global Allocation | JBALX vs HRLYX | |
| JPMorgan Income Fund | 0.31 | 0.31 | 0.39 | 81 | Multisector Bonds | JBALX vs JMSIX | |
| Principal Diversified Select Real Asset Fund | 0.36 | 0.48 | 0.59 | 92 | Global Allocation | JBALX vs PDSYX | |
| Nuveen Real Asset Income Fund | 0.37 | 0.48 | 0.60 | 52 | Global Allocation | JBALX vs NRIIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JBALX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JBALX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.45, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.45 | 0.51 | 0.65 | 88 | Technology |
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