Looking to diversify beyond JENSX? The mutual funds below have the lowest correlation with JENSX — 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 JENSX.
Best Diversifiers for JENSX
3 mutual funds have low correlation with JENSX (below 0.3), 0 of which are negatively correlated. The least correlated is Goldman Sachs Strategic Volatility Premium Fund (SVPFX) (Large Cap Blend Equities) with a 1Y correlation of 0.28, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Strategic Volatility Premium Fund | 0.28 | 0.13 | 0.15 | 73 | Large Cap Blend Equities | JENSX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund | 0.30 | 0.54 | 0.72 | 56 | Large Cap Blend Equities | JENSX vs QIACX | |
| Federated Hermes MDT All Cap Core Fund Class R6 | 0.30 | 0.54 | 0.72 | 56 | Large Cap Blend Equities | JENSX vs QKACX | |
| The Merger Fund | 0.36 | 0.26 | 0.34 | 97 | Event Driven | JENSX vs MERFX | |
| North Square Preferred and Income Securities Fund | 0.40 | 0.29 | 0.37 | 72 | Large Cap Blend Equities | JENSX vs ORDNX |
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