Looking to diversify beyond JFNAX? The mutual funds below have historically moved differently from JFNAX, 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 JFNAX
0 mutual funds have low correlation with JFNAX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard 500 Index Fund Admiral Shares (VFIAX) (S&P 500) with a 1Y correlation of 0.34, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard 500 Index Fund Admiral Shares | 0.34 | 0.51 | 0.62 | 63 | S&P 500, Large Cap Blend Equities | JFNAX vs VFIAX | |
| Fidelity Select Health Care Services Portfolio | 0.49 | 0.49 | 0.62 | 68 | Health & Biotech Equities | JFNAX vs FSHCX | |
| abrdn World Healthcare Fund | 0.64 | 0.63 | 0.64 | 84 | Health & Biotech Equities | JFNAX vs THW | |
| Eventide Healthcare & Life Sciences Fund | 0.72 | 0.76 | 0.77 | 89 | Health & Biotech Equities | JFNAX vs ETIHX | |
| Alger Health Sciences Fund | 0.79 | 0.83 | 0.86 | 96 | Health & Biotech Equities | JFNAX vs AHSAX |
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