Looking to diversify beyond JFEAX? The mutual funds below have historically moved differently from JFEAX, 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 JFEAX
1 mutual funds have low correlation with JFEAX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of 0.05, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | 0.05 | 0.27 | 0.41 | 87 | Energy Equities | JFEAX vs FSENX | |
| AQR Alternative Risk Premia Fund Class N | 0.33 | 0.25 | 0.13 | 98 | Multistrategy | JFEAX vs QRPNX | |
| JPMorgan Income Fund Class I | 0.35 | 0.29 | 0.31 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JFEAX vs JMSIX | |
| Fidelity Select Technology Portfolio | 0.42 | 0.41 | 0.51 | 72 | Technology Equities | JFEAX vs FSPTX | |
| Fidelity Select Semiconductors Portfolio | 0.44 | 0.42 | 0.50 | 80 | Semiconductors, Technology Equities | JFEAX vs FSELX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JFEAX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Telefônica Brasil S.A. (VIV) (Communication Services) with a 1Y correlation of 0.48, up from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Telefônica Brasil S.A. | 0.48 | 0.37 | 0.37 | 65 | Communication Services | |
| HSBC Holdings plc | 0.76 | 0.71 | 0.71 | 96 | Financial Services |
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