Looking to diversify beyond JELMX? The mutual funds below have the lowest correlation with JELMX — 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 JELMX.
Best Diversifiers for JELMX
3 mutual funds have low correlation with JELMX (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 -0.19, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.19 | 0.05 | 0.13 | 73 | Diversified Portfolio | JELMX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.14 | 0.23 | 0.44 | 64 | Diversified Portfolio | JELMX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.26 | 0.13 | 0.09 | 92 | Long-Short | JELMX vs BDMIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.54 | 0.57 | 95 | Diversified Portfolio | JELMX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.55 | 0.57 | 96 | Diversified Portfolio | JELMX vs FSIRX |
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