Looking to diversify beyond JDJIX? The mutual funds below have historically moved differently from JDJIX, 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 JDJIX
11 mutual funds have low correlation with JDJIX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Tactical Opportunities Fund (PCBAX) (Multistrategy) with a 1Y correlation of 0.10, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund | 0.10 | 0.22 | 0.16 | 83 | Multistrategy | JDJIX vs PCBAX | |
| The Arbitrage Fund Class Institutional | 0.11 | 0.16 | 0.12 | 96 | Event Driven | JDJIX vs ARBNX | |
| BlackRock Event Driven Equity Fund | 0.12 | 0.11 | 0.07 | 82 | Event Driven | JDJIX vs BILPX | |
| JHancock Infrastructure Fund | 0.16 | 0.09 | 0.07 | 82 | Infrastructure Equities, Energy Equities | JDJIX vs JEEIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.19 | 0.13 | 0.08 | 98 | Multistrategy | JDJIX vs EGRAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements JDJIX
Add JDJIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JDJIX