Looking to diversify beyond JGH? The mutual funds below have the lowest correlation with JGH — 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 JGH.
Best Diversifiers for JGH
15 mutual funds have low correlation with JGH (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.03 | 0.10 | 0.10 | 100 | High Yield Bonds | JGH vs CCLFX | |
| RiverPark Short Term High Yield Fund | 0.08 | 0.11 | 0.13 | 99 | High Yield Bonds | JGH vs RPHIX | |
| Pioneer ILS Interval Fund | 0.10 | 0.07 | 0.04 | 100 | High Yield Bonds | JGH vs XILSX | |
| T. Rowe Price Floating Rate Fund | 0.15 | 0.25 | 0.30 | 96 | High Yield Bonds | JGH vs PRFRX | |
| Pioneer Corporate High Yield Fund | 0.23 | 0.33 | 0.39 | 52 | High Yield Bonds | JGH vs RCRYX |
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