Looking to diversify beyond JELCX? The mutual funds below have the lowest correlation with JELCX — 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 JELCX.
Best Diversifiers for JELCX
2 mutual funds have low correlation with JELCX (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 0.27 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 | 0.19 | 0.27 | 67 | Diversified Portfolio | JELCX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.20 | 0.09 | 0.06 | 95 | Long-Short | JELCX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.32 | 0.03 | -0.18 | 60 | Systematic Trend | JELCX vs ASFYX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.49 | 0.45 | 82 | Diversified Portfolio | JELCX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.48 | 0.45 | 86 | Diversified Portfolio | JELCX vs FSIRX |
See all 28 diversifiers for JELCX
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