Looking to diversify beyond JDIEX? The mutual funds below have historically moved differently from JDIEX, 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 JDIEX
7 mutual funds have low correlation with JDIEX (below 0.3), 0 of which are negatively correlated. The least correlated is Easterly Income Opportunities Fund (JSVIX) (Multisector Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Easterly Income Opportunities Fund | 0.04 | -0.01 | 0.02 | 82 | Multisector Bonds | JDIEX vs JSVIX | |
| Pioneer ILS Interval Fund | 0.06 | 0.01 | 0.01 | 100 | High Yield Bonds | JDIEX vs XILSX | |
| Symmetry Panoramic Alternatives Fund | 0.08 | 0.03 | -0.03 | 98 | Multistrategy | JDIEX vs SPATX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.15 | 0.11 | 0.08 | 100 | Bank Loan, High Yield Bonds | JDIEX vs CCLFX | |
| Princeton Premium Fund | 0.18 | 0.16 | 0.15 | 100 | Options Trading | JDIEX vs PPFIX |
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