Looking to diversify beyond JEQIX? The mutual funds below have historically moved differently from JEQIX, 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 JEQIX
2 mutual funds have low correlation with JEQIX (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 0.21, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Johnson Municipal Income Fund | 0.21 | 0.17 | 0.14 | 55 | Municipal Bonds | JEQIX vs JMUNX | |
| Allspring Emerging Markets Equity Income Fund | 0.26 | 0.35 | 0.44 | 63 | Dividend, Emerging Markets Equities | JEQIX vs EQIIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.35 | 0.15 | 0.14 | 97 | Large Cap Blend Equities | JEQIX vs SVPFX | |
| Johnson Institutional Short Duration Bond Fund | 0.35 | 0.21 | 0.18 | 70 | Short-Term Bond | JEQIX vs JIBDX | |
| North Square Preferred and Income Securities Fund | 0.41 | 0.33 | 0.39 | 59 | Preferred Stock | JEQIX vs ORDNX |
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