Looking to diversify beyond JILAX? The mutual funds below have historically moved differently from JILAX, 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 JILAX
5 mutual funds have low correlation with JILAX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.27, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.27 | -0.03 | 0.10 | 83 | Diversified Portfolio | JILAX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.19 | 0.54 | 66 | Diversified Portfolio | JILAX vs MHELX | |
| JHancock Infrastructure Fund | 0.22 | 0.39 | 0.57 | 82 | Infrastructure Equities, Energy Equities | JILAX vs JEEIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.28 | 0.51 | 0.60 | 89 | Diversified Portfolio | JILAX vs FCSRX | |
| Concorde Wealth Management Fund | 0.29 | 0.54 | 0.69 | 83 | Diversified Portfolio | JILAX vs CONWX |
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