Looking to diversify beyond JEMMX? The mutual funds below have historically moved differently from JEMMX, 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 JEMMX
2 mutual funds have low correlation with JEMMX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs GQG Partners International Opportunities Fund Class R6 (GSIYX) (Foreign Large Cap Equities) with a 1Y correlation of 0.18, down from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs GQG Partners International Opportuni... | 0.18 | 0.48 | 0.60 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | JEMMX vs GSIYX | |
| The Cook & Bynum Fund | 0.26 | 0.37 | 0.45 | 66 | Emerging Markets Equities | JEMMX vs COBYX | |
| John Hancock Funds Disciplined Value Mid Cap Fund ... | 0.40 | 0.48 | 0.55 | 54 | Mid Cap Value Equities | JEMMX vs JVMIX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.41 | 0.63 | 0.70 | 92 | Emerging Markets Equities | JEMMX vs ESCIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.54 | — | — | 94 | Long-Short | JEMMX vs JAKVX |
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