Looking to diversify beyond JELCX? The mutual funds below have historically moved differently from JELCX, 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 JELCX
3 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 0.08, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.16 | 0.26 | 66 | Diversified Portfolio | JELCX vs MHELX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.22 | 0.09 | 0.07 | 97 | Equity Market Neutral | JELCX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.29 | 0.04 | -0.18 | 66 | Systematic Trend | JELCX vs ASFYX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.30 | 0.47 | 0.45 | 91 | Diversified Portfolio | JELCX vs FIQDX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.30 | 0.49 | 0.45 | 91 | Diversified Portfolio | JELCX vs FSRKX |
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