Looking to diversify beyond JIEMX? The mutual funds below have historically moved differently from JIEMX, 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 JIEMX
0 mutual funds have low correlation with JIEMX (below 0.3), 0 of which are negatively correlated. The least correlated is AMG Yacktman Focused Fund (YAFFX) (Large Cap Value Equities) with a 1Y correlation of 0.37, down from 0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AMG Yacktman Focused Fund | 0.37 | 0.57 | 0.73 | 89 | Large Cap Value Equities | JIEMX vs YAFFX | |
| Voya Corporate Leaders Trust Fund | 0.39 | 0.61 | 0.72 | 93 | Large Cap Value Equities | JIEMX vs LEXCX | |
| Buffalo Flexible Income Fund | 0.40 | 0.61 | 0.76 | 87 | Large Cap Value Equities | JIEMX vs BUFBX | |
| JHancock Infrastructure Fund | 0.43 | 0.55 | 0.65 | 82 | Infrastructure Equities, Energy Equities | JIEMX vs JEEIX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.43 | — | — | 94 | Long-Short | JIEMX vs JAKVX |
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