Looking to diversify beyond JENHX? The mutual funds below have historically moved differently from JENHX, 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 JENHX
1 mutual funds have low correlation with JENHX (below 0.3), 0 of which are negatively correlated. The least correlated is Johnson Municipal Income Fund (JMUNX) (Municipal Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Johnson Municipal Income Fund | 0.26 | 0.20 | 0.18 | 55 | Municipal Bonds | JENHX vs JMUNX | |
| Johnson Institutional Short Duration Bond Fund | 0.37 | 0.26 | 0.26 | 70 | Short-Term Bond | JENHX vs JIBDX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.40 | 0.23 | 0.22 | 97 | Large Cap Blend Equities | JENHX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund | 0.45 | 0.62 | 0.79 | 53 | Large Cap Blend Equities | JENHX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.47 | 0.62 | 0.79 | 50 | Large Cap Blend Equities | JENHX vs QKACX |
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