Looking to diversify beyond JIIRX? The mutual funds below have historically moved differently from JIIRX, 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 JIIRX
1 mutual funds have low correlation with JIIRX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.02, down from 0.50 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.02 | 0.12 | 0.50 | 66 | Diversified Portfolio | JIIRX vs MHELX | |
| JHancock Infrastructure Fund | 0.32 | 0.49 | 0.63 | 82 | Infrastructure Equities, Energy Equities | JIIRX vs JEEIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.57 | 0.64 | 91 | Diversified Portfolio | JIIRX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.57 | 0.64 | 89 | Diversified Portfolio | JIIRX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.41 | 0.58 | 0.64 | 91 | Diversified Portfolio | JIIRX vs FSIRX |
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