Looking to diversify beyond JDJIX? The mutual funds below have the lowest correlation with JDJIX — 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 JDJIX.
Best Diversifiers for JDJIX
13 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) (Macro Trading) with a 1Y correlation of 0.04, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Tactical Opportunities Fund | 0.04 | 0.21 | 0.17 | 79 | Macro Trading | JDJIX vs PCBAX | |
| The Arbitrage Fund Class Institutional | 0.13 | 0.17 | 0.12 | 97 | Event Driven | JDJIX vs ARBNX | |
| BlackRock Event Driven Equity Fund | 0.14 | 0.12 | 0.08 | 76 | Event Driven | JDJIX vs BILPX | |
| JHancock Infrastructure Fund | 0.18 | 0.11 | 0.08 | 58 | Energy Equities | JDJIX vs JEEIX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.19 | 0.11 | 0.08 | 98 | Macro Trading | JDJIX vs EGRAX |
See all 25 diversifiers for JDJIX
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