Looking to diversify beyond JDDVX? The mutual funds below have historically moved differently from JDDVX, 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 JDDVX
0 mutual funds have low correlation with JDDVX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Strategic Value Dividend Fund Class A (SVAAX) (Dividend) with a 1Y correlation of 0.39, down from 0.54 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.39 | 0.54 | — | 94 | Dividend | JDDVX vs SVAAX | |
| Allspring Emerging Markets Equity Income Fund | 0.41 | 0.43 | — | 70 | Dividend, Emerging Markets Equities | JDDVX vs EQIIX | |
| Janus Henderson Global Life Sciences Fund | 0.45 | 0.58 | — | 91 | Health & Biotech Equities | JDDVX vs JNGLX | |
| EuroPac International Dividend Income Fund Class A | 0.51 | 0.44 | — | 82 | Foreign Large Cap Equities, Dividend | JDDVX vs EPDPX | |
| Pioneer Multi-Asset Income Fund A | 0.57 | 0.57 | — | 94 | Diversified Portfolio, Dividend | JDDVX vs PMAIX |
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