Looking to diversify beyond JGYIX? The mutual funds below have historically moved differently from JGYIX, 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 JGYIX
0 mutual funds have low correlation with JGYIX (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 0.37, roughly unchanged from 0.35 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 | 0.37 | 0.30 | 0.35 | 92 | Multistrategy, Systematic Trend, Global Equities | JGYIX vs MBXIX | |
| Catalyst/Millburn Hedge Strategy Fund | 0.37 | 0.30 | 0.35 | 92 | Multistrategy, Systematic Trend, Global Equities | JGYIX vs MBXAX | |
| Nuveen Preferred Securities & Income Fund | 0.39 | 0.39 | 0.41 | 69 | Preferred Stock | JGYIX vs NPSRX | |
| GQG Partners Global Quality Dividend Income Fund | 0.48 | 0.67 | 0.75 | 68 | Quality Factor, Global Equities | JGYIX vs GQFPX | |
| Federated Hermes Strategic Value Dividend Fund | 0.49 | 0.61 | 0.74 | 95 | Large Cap Value Equities | JGYIX vs SVAIX |
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