Looking to diversify beyond JGH? The mutual funds below have historically moved differently from JGH, 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 JGH
17 mutual funds have low correlation with JGH (below 0.3), 1 of which are negatively correlated. The least correlated is Fairholme Focused Income Fund (FOCIX) (High Yield Bonds) with a 1Y correlation of -0.02, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fairholme Focused Income Fund | -0.02 | 0.17 | 0.30 | 73 | High Yield Bonds | JGH vs FOCIX | |
| RiverPark Short Term High Yield Fund | 0.05 | 0.09 | 0.13 | 100 | High Yield Bonds | JGH vs RPHIX | |
| Pioneer ILS Interval Fund | 0.06 | 0.07 | 0.04 | 100 | High Yield Bonds | JGH vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.06 | 0.10 | 0.10 | 100 | Bank Loan, High Yield Bonds | JGH vs CCLFX | |
| Nuveen Real Estate Securities Fund | 0.13 | 0.29 | 0.39 | 72 | REIT | JGH vs FARCX |
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