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
2 mutual funds have low correlation with JELMX (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 0.12, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.12 | 0.21 | 0.43 | 70 | Diversified Portfolio | JELMX vs MHELX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.28 | 0.14 | 0.09 | 96 | Long-Short | JELMX vs BDMIX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.34 | 0.56 | 0.58 | 88 | Diversified Portfolio | JELMX vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.54 | 0.56 | 82 | Diversified Portfolio | JELMX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.54 | 0.57 | 88 | Diversified Portfolio | JELMX vs FIQDX |
See all 34 diversifiers for JELMX
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