Looking to diversify beyond JDBAX? The mutual funds below have the lowest correlation with JDBAX — 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 JDBAX.
Best Diversifiers for JDBAX
9 mutual funds have low correlation with JDBAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.29, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.29 | -0.06 | 0.06 | 73 | Diversified Portfolio | JDBAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.09 | 0.17 | 0.47 | 64 | Diversified Portfolio | JDBAX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.20 | 0.45 | 0.52 | 96 | Diversified Portfolio | JDBAX vs FSIRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.21 | 0.45 | 0.51 | 95 | Diversified Portfolio | JDBAX vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.21 | 0.44 | 0.52 | 96 | Diversified Portfolio | JDBAX vs FSRKX |
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