Looking to diversify beyond JDVWX? The mutual funds below have historically moved differently from JDVWX, 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 JDVWX
2 mutual funds have low correlation with JDVWX (below 0.3), 0 of which are negatively correlated. The least correlated is Voya Corporate Leaders Trust Fund (LEXCX) (Large Cap Value Equities) with a 1Y correlation of 0.21, down from 0.67 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Voya Corporate Leaders Trust Fund | 0.21 | 0.51 | 0.67 | 93 | Large Cap Value Equities | JDVWX vs LEXCX | |
| Federated Hermes Strategic Value Dividend Fund | 0.30 | 0.48 | 0.63 | 94 | Large Cap Value Equities | JDVWX vs SVAIX | |
| Buffalo Flexible Income Fund | 0.37 | 0.65 | 0.78 | 87 | Large Cap Value Equities | JDVWX vs BUFBX | |
| JHancock Infrastructure Fund | 0.39 | 0.52 | 0.62 | 82 | Infrastructure Equities, Energy Equities | JDVWX vs JEEIX | |
| AMG Yacktman Focused Fund | 0.48 | 0.66 | 0.78 | 89 | Large Cap Value Equities | JDVWX vs YAFFX |
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