Looking to diversify beyond JELBX? The mutual funds below have the lowest correlation with JELBX — 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 JELBX.
Best Diversifiers for JELBX
2 mutual funds have low correlation with JELBX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.11, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.11 | 0.22 | 0.47 | 67 | Diversified Portfolio | JELBX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.29 | 0.15 | 0.10 | 95 | Long-Short | JELBX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.55 | 0.58 | 82 | Diversified Portfolio | JELBX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.54 | 0.58 | 86 | Diversified Portfolio | JELBX vs FSIRX | |
| Fidelity Strategic Real Return Fund | 0.34 | 0.56 | 0.59 | 87 | Diversified Portfolio | JELBX vs FSRRX |
See all 34 diversifiers for JELBX
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