Looking to diversify beyond JCE? The mutual funds below have historically moved differently from JCE, 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 JCE
3 mutual funds have low correlation with JCE (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Real Estate Securities Fund (FARCX) (REIT) with a 1Y correlation of 0.18, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Real Estate Securities Fund | 0.18 | 0.33 | 0.42 | 72 | REIT | JCE vs FARCX | |
| Nuveen High Yield Municipal Bond Fund | 0.24 | 0.15 | 0.17 | 89 | High Yield Muni | JCE vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.26 | 0.13 | 0.16 | 91 | High Yield Muni | JCE vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.40 | 0.33 | 0.36 | 73 | Preferred Stock | JCE vs NPSRX | |
| Nuveen Mid Cap Value Fund | 0.56 | 0.60 | 0.61 | 84 | Mid Cap Value Equities | JCE vs FASEX |
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