Looking to diversify beyond JFEAX? The mutual funds below have the lowest correlation with JFEAX — 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 JFEAX.
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 0.07, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | 0.07 | 0.31 | 0.44 | 79 | Energy Equities | JFEAX vs FSENX | |
| JPMorgan Income Fund | 0.33 | 0.30 | 0.31 | 80 | Multisector Bonds | JFEAX vs JMSIX | |
| AQR Alternative Risk Premia Fund Class N | 0.33 | 0.24 | 0.13 | 97 | Multistrategy | JFEAX vs QRPNX | |
| Fidelity Select Technology Portfolio | 0.39 | 0.42 | 0.51 | 94 | Technology Equities | JFEAX vs FSPTX | |
| Fidelity Select Semiconductors Portfolio | 0.42 | 0.43 | 0.50 | 97 | Semiconductors, Technology Equities | JFEAX vs FSELX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JFEAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JFEAX and solid risk/return profiles. The least correlated is Telefônica Brasil S.A. (VIV) (Communication Services) with a 1Y correlation of 0.43, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Telefônica Brasil S.A. | 0.43 | 0.37 | 0.37 | 73 | Communication Services | |
| HSBC Holdings plc | 0.75 | 0.71 | 0.71 | 90 | Financial Services |
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