Looking to diversify beyond JIBDX? The mutual funds below have historically moved differently from JIBDX, 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 JIBDX
4 mutual funds have low correlation with JIBDX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.01, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.01 | 0.03 | 0.15 | 84 | Short-Term Bond | JIBDX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.10 | 0.56 | 0.65 | 69 | Short-Term Bond | JIBDX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.16 | 0.06 | 0.43 | 100 | Short-Term Bond | JIBDX vs DFCFX | |
| GuidepathConservative Income Fund | 0.24 | 0.34 | 0.45 | 99 | Short-Term Bond | JIBDX vs GPICX | |
| DFA Short-Duration Real Return Portfolio | 0.32 | 0.27 | 0.41 | 98 | Short-Term Bond | JIBDX vs DFAIX |
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