Looking to diversify beyond JCRAX? The mutual funds below have historically moved differently from JCRAX, 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 JCRAX
4 mutual funds have low correlation with JCRAX (below 0.3), 1 of which are negatively correlated. The least correlated is ALPS/Smith Short Duration Bond Fund (SMRSX) (Short-Term Bond) with a 1Y correlation of -0.12, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ALPS/Smith Short Duration Bond Fund | -0.12 | -0.00 | 0.05 | 91 | Short-Term Bond | JCRAX vs SMRSX | |
| ALPS/Smith Balanced Opportunity Fund | 0.17 | 0.24 | 0.33 | 66 | Diversified Portfolio | JCRAX vs ALIBX | |
| RiverFront Asset Allocation Growth & Income | 0.22 | 0.30 | 0.37 | 75 | Diversified Portfolio | JCRAX vs RLIIX | |
| Fidelity Select Semiconductors Portfolio | 0.27 | 0.25 | 0.27 | 80 | Semiconductors, Technology Equities | JCRAX vs FSELX | |
| Rydex Commodities Strategy Fund | 0.69 | 0.74 | 0.77 | 52 | Commodities | JCRAX vs RYMEX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements JCRAX
Add JCRAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JCRAX