Looking to diversify beyond JFR? The mutual funds below have the lowest correlation with JFR — 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 JFR.
Best Diversifiers for JFR
31 mutual funds have low correlation with JFR (below 0.3), 2 of which are negatively correlated. The least correlated is Pioneer ILS Interval Fund (XILSX) (High Yield Bonds) with a 1Y correlation of -0.10, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.10 | 0.03 | 0.02 | 100 | High Yield Bonds | JFR vs XILSX | |
| RiverPark Short Term High Yield Fund | -0.05 | 0.06 | 0.09 | 100 | High Yield Bonds | JFR vs RPHIX | |
| RiverNorth Capital and Income Fund | 0.03 | 0.13 | 0.16 | 57 | High Yield Bonds | JFR vs RSF | |
| Neuberger Berman MLP | 0.05 | 0.16 | 0.28 | 57 | MLPs, Energy Equities | JFR vs NML | |
| Nuveen High Yield Municipal Bond Fund | 0.09 | 0.10 | 0.10 | 79 | High Yield Muni | JFR vs NHMRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JFR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JFR and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.03, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.03 | 0.08 | 0.17 | 74 | Real Estate | |
| LTC Properties, Inc. | -0.02 | 0.08 | 0.16 | 74 | Real Estate | |
| Reaves Utility Income Trust | 0.10 | 0.17 | 0.25 | 74 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.16 | 0.21 | 0.29 | 73 | Financial Services | |
| AGNC Investment Corp. | 0.21 | 0.22 | 0.29 | 83 | Real Estate |
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Build a portfolio that complements JFR
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