Looking to diversify beyond JCRAX? The mutual funds below have the lowest correlation with JCRAX — 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 JCRAX.
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 -0.10, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ALPS/Smith Short Duration Bond Fund | -0.10 | 0.02 | 0.06 | 84 | Short-Term Bond | JCRAX vs SMRSX | |
| ALPS/Smith Balanced Opportunity Fund | 0.18 | 0.26 | 0.34 | 75 | Diversified Portfolio | JCRAX vs ALIBX | |
| Fidelity Select Semiconductors Portfolio | 0.20 | 0.23 | 0.27 | 96 | Semiconductors, Technology Equities | JCRAX vs FSELX | |
| RiverFront Asset Allocation Growth & Income | 0.22 | 0.32 | 0.38 | 70 | Diversified Portfolio | JCRAX vs RLIIX | |
| Fidelity Global Commodity Stock Fund | 0.81 | 0.79 | 0.79 | 68 | Commodities | JCRAX vs FFGCX |
See all 14 diversifiers for JCRAX
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