Looking to diversify beyond JELGX? The mutual funds below have the lowest correlation with JELGX — 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 JELGX.
Best Diversifiers for JELGX
2 mutual funds have low correlation with JELGX (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 0.09, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.09 | 0.20 | 0.50 | 80 | Diversified Portfolio | JELGX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.30 | 0.16 | 0.10 | 94 | Long-Short | JELGX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.54 | 0.59 | 82 | Diversified Portfolio | JELGX vs FCSRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.34 | 0.55 | 0.60 | 87 | Diversified Portfolio | JELGX vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.54 | 0.59 | 86 | Diversified Portfolio | JELGX vs FSIRX |
See all 31 diversifiers for JELGX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements JELGX
Add JELGX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JELGX