Looking to diversify beyond JIREX? The mutual funds below have historically moved differently from JIREX, 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 JIREX
9 mutual funds have low correlation with JIREX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TIAA Real Estate Account | -0.19 | — | — | 99 | REIT | JIREX vs QREARX | |
| Redwood Real Estate Income Fund | 0.03 | — | — | 100 | REIT | JIREX vs CREMX | |
| American Funds New World Fund® Class R-6 | 0.09 | 0.31 | 0.45 | 57 | Emerging Markets Equities | JIREX vs RNWGX | |
| John Hancock Variable Insurance Trust 500 Index Tr... | 0.12 | 0.39 | 0.54 | 57 | Large Cap Blend Equities | JIREX vs JFIVX | |
| John Hancock Balanced Fund | 0.17 | 0.43 | 0.56 | 87 | Diversified Portfolio | JIREX vs SVBAX |
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