Looking to diversify beyond JCE? The mutual funds below have the lowest correlation with JCE — 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 JCE.
Best Diversifiers for JCE
2 mutual funds have low correlation with JCE (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen High Yield Municipal Bond Fund (NHMRX) (High Yield Muni) with a 1Y correlation of 0.24, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen High Yield Municipal Bond Fund | 0.24 | 0.15 | 0.17 | 61 | High Yield Muni | JCE vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.24 | 0.12 | 0.16 | 65 | High Yield Muni | JCE vs NVHIX | |
| Nuveen Preferred Securities & Income Fund | 0.41 | 0.34 | 0.36 | 74 | Preferred Stock/Convertible Bonds | JCE vs NPSRX | |
| Baron Partners Fund | 0.51 | 0.52 | 0.54 | 52 | Large Cap Growth Equities | JCE vs BPTRX | |
| Nuveen Mid Cap Value Fund | 0.59 | 0.61 | 0.61 | 82 | Mid Cap Value Equities | JCE vs FASEX |
See all 28 diversifiers for JCE
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