Looking to diversify beyond JGYIX? The mutual funds below have the lowest correlation with JGYIX — 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 JGYIX.
Best Diversifiers for JGYIX
1 mutual funds have low correlation with JGYIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Institutional High Yield Bond Fund (FIHBX) (High Yield Bonds) with a 1Y correlation of 0.17, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Institutional High Yield Bond Fun... | 0.17 | 0.36 | 0.44 | 67 | High Yield Bonds | JGYIX vs FIHBX | |
| Nuveen Preferred Securities & Income Fund | 0.38 | 0.39 | 0.41 | 79 | Preferred Stock/Convertible Bonds | JGYIX vs NPSRX | |
| PGIM High Yield Fund Class Z | 0.45 | 0.47 | 0.49 | 73 | High Yield Bonds | JGYIX vs PHYZX | |
| BlackRock High Yield Bond Portfolio Institutional ... | 0.53 | 0.54 | 0.55 | 82 | High Yield Bonds | JGYIX vs BHYIX | |
| American Funds The New Economy Fund Class R-3 | 0.55 | 0.67 | 0.71 | 89 | Global Equities | JGYIX vs RNGCX |
See all 66 diversifiers for JGYIX
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