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
24 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 -0.08, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.08 | 0.03 | 0.03 | 100 | High Yield Bonds | JFR vs XILSX | |
| RiverPark Short Term High Yield Fund | -0.01 | 0.07 | 0.10 | 99 | High Yield Bonds | JFR vs RPHIX | |
| Nuveen High Yield Municipal Bond Fund | 0.09 | 0.09 | 0.10 | 63 | High Yield Muni | JFR vs NHMRX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.10 | 0.05 | 0.10 | 65 | High Yield Muni | JFR vs NVHIX | |
| Cliffwater Corporate Lending Fund | 0.12 | 0.08 | 0.09 | 100 | High Yield Bonds | JFR vs CCLFX |
To view more results, upgrade your current subscription plan.
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 LTC Properties, Inc. (LTC) (Real Estate) with a 1Y correlation of -0.03, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| LTC Properties, Inc. | -0.03 | 0.08 | 0.16 | 59 | Real Estate | |
| Reaves Utility Income Trust | 0.14 | 0.17 | 0.25 | 81 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.18 | 0.21 | 0.29 | 69 | Financial Services | |
| AGNC Investment Corp. | 0.20 | 0.23 | 0.29 | 76 | Real Estate | |
| Trinity Capital Inc. | 0.24 | 0.24 | 0.24 | 88 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements JFR
Add JFR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JFR