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
3 mutual funds have low correlation with JELBX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.22, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.22 | 0.01 | 0.10 | 60 | Diversified Portfolio | JELBX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.20 | 0.46 | 67 | Diversified Portfolio | JELBX vs MHELX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.28 | 0.14 | 0.09 | 96 | Equity Market Neutral | JELBX vs BDMIX | |
| Concorde Wealth Management Fund | 0.32 | 0.50 | 0.61 | 73 | Diversified Portfolio | JELBX vs CONWX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.54 | 0.58 | 86 | Diversified Portfolio | JELBX vs FCSRX |
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