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), 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 0.16, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.16 | 0.23 | 0.52 | 70 | Diversified Portfolio | JILMX vs MHELX | |
| JHancock Infrastructure Fund | 0.29 | 0.46 | 0.61 | 58 | Energy Equities | JILMX vs JEEIX | |
| Concorde Wealth Management Fund | 0.29 | 0.52 | 0.65 | 55 | Diversified Portfolio | JILMX vs CONWX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.32 | 0.58 | 0.65 | 88 | Diversified Portfolio | JILMX vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.33 | 0.57 | 0.64 | 82 | Diversified Portfolio | JILMX vs FCSRX |
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