Looking to diversify beyond JGEFX? The mutual funds below have historically moved differently from JGEFX, 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 JGEFX
0 mutual funds have low correlation with JGEFX (below 0.3), 0 of which are negatively correlated. The least correlated is Catalyst/Millburn Hedge Strategy Fund Class I (MBXIX) (Multistrategy) with a 1Y correlation of 0.38, roughly unchanged from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Catalyst/Millburn Hedge Strategy Fund Class I | 0.38 | 0.34 | 0.37 | 92 | Multistrategy, Systematic Trend, Global Equities | JGEFX vs MBXIX | |
| GQG Partners Global Quality Dividend Income Fund | 0.43 | 0.62 | 0.71 | 68 | Quality Factor, Global Equities | JGEFX vs GQFPX | |
| Cohen & Steers Global Infrastructure Fund Class A | 0.51 | 0.55 | 0.64 | 74 | Infrastructure Equities, Global Equities | JGEFX vs CSUAX | |
| JHancock Infrastructure Fund | 0.54 | 0.59 | 0.68 | 80 | Infrastructure Equities, Energy Equities | JGEFX vs JEEIX | |
| American Funds The New Economy Fund Class A | 0.58 | 0.69 | 0.75 | 69 | Global Equities, Actively Managed | JGEFX vs ANEFX |
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