Looking to diversify beyond JIIRX? The mutual funds below have the lowest correlation with JIIRX — 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 JIIRX.
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 0.04, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.04 | 0.18 | 0.53 | 64 | Diversified Portfolio | JIIRX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.39 | 0.60 | 0.65 | 95 | Diversified Portfolio | JIIRX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.60 | 0.65 | 96 | Diversified Portfolio | JIIRX vs FIQDX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.40 | 0.60 | 0.65 | 96 | Diversified Portfolio | JIIRX vs FSIRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.41 | 0.60 | 0.65 | 96 | Diversified Portfolio | JIIRX vs FSRKX |
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