Looking to diversify beyond JIBFX? The mutual funds below have historically moved differently from JIBFX, 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 JIBFX
0 mutual funds have low correlation with JIBFX (below 0.3), 0 of which are negatively correlated. The least correlated is Johnson Municipal Income Fund (JMUNX) (Municipal Bonds) with a 1Y correlation of 0.49, roughly unchanged from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Johnson Municipal Income Fund | 0.49 | 0.55 | 0.53 | 55 | Municipal Bonds | JIBFX vs JMUNX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.69 | 0.71 | 0.68 | 64 | Intermediate Core Bond | JIBFX vs STWTX | |
| Loomis Sayles Securitized Asset Fund | 0.82 | 0.90 | 0.91 | 64 | Intermediate Core Bond | JIBFX vs LSSAX | |
| Johnson Institutional Short Duration Bond Fund | 0.85 | 0.86 | 0.87 | 70 | Short-Term Bond | JIBFX vs JIBDX | |
| PACE Mortgage-Backed Securities Fixed Income Inves... | 0.89 | 0.92 | 0.91 | 58 | Intermediate Core Bond | JIBFX vs PCGTX |
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