Looking to diversify beyond JILMX? The mutual funds below have the lowest correlation with JILMX — 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 JILMX.
Best Diversifiers for JILMX
3 mutual funds have low correlation with JILMX (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 -0.16, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.16 | 0.08 | 0.18 | 73 | Diversified Portfolio | JILMX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.18 | 0.25 | 0.53 | 64 | Diversified Portfolio | JILMX vs MHELX | |
| Concorde Wealth Management Fund | 0.29 | 0.52 | 0.65 | 71 | Diversified Portfolio | JILMX vs CONWX | |
| Fidelity Strategic Real Return Fund | 0.32 | 0.58 | 0.65 | 96 | Diversified Portfolio | JILMX vs FSRRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.32 | 0.56 | 0.64 | 96 | Diversified Portfolio | JILMX vs FSIRX |
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