Looking to diversify beyond JETSX? The mutual funds below have historically moved differently from JETSX, 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 JETSX
1 mutual funds have low correlation with JETSX (below 0.3), 0 of which are negatively correlated. The least correlated is JHancock Infrastructure Fund (JEEIX) (Infrastructure Equities) with a 1Y correlation of 0.14, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JHancock Infrastructure Fund | 0.14 | 0.31 | 0.50 | 82 | Infrastructure Equities, Energy Equities | JETSX vs JEEIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.32 | 0.21 | 0.16 | 97 | Large Cap Blend Equities | JETSX vs SVPFX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.51 | — | — | 94 | Long-Short | JETSX vs JAKRX | |
| North Square Preferred and Income Securities Fund | 0.51 | 0.38 | 0.42 | 59 | Preferred Stock | JETSX vs ORDNX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.51 | — | — | 94 | Long-Short | JETSX vs JAKVX |
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