Looking to diversify beyond JFR? The mutual funds below have historically moved differently from JFR, 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 JFR
33 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 -0.11, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.11 | 0.01 | 0.02 | 100 | High Yield Bonds | JFR vs XILSX | |
| RiverPark Short Term High Yield Fund | -0.03 | 0.06 | 0.09 | 100 | High Yield Bonds | JFR vs RPHIX | |
| Fairholme Focused Income Fund | 0.02 | 0.12 | 0.28 | 73 | High Yield Bonds | JFR vs FOCIX | |
| RiverNorth Capital and Income Fund | 0.03 | 0.13 | 0.15 | 65 | High Yield Bonds | JFR vs RSF | |
| Neuberger Berman MLP | 0.05 | 0.15 | 0.27 | 71 | MLPs, Energy Equities | JFR vs NML |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JFR, 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 LTC Properties, Inc. (LTC) (Real Estate) with a 1Y correlation of -0.03, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| LTC Properties, Inc. | -0.03 | 0.08 | 0.15 | 80 | Real Estate | |
| Realty Income Corporation | -0.03 | 0.08 | 0.17 | 77 | Real Estate | |
| Reaves Utility Income Trust | 0.10 | 0.17 | 0.25 | 55 | Financial Services | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.10 | 0.10 | 0.10 | 57 | Technology | |
| Cohen & Steers Infrastructure Fund, Inc | 0.15 | 0.20 | 0.29 | 74 | Financial Services |
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