Looking to diversify beyond JLGIX? The mutual funds below have historically moved differently from JLGIX, 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 JLGIX
0 mutual funds have low correlation with JLGIX (below 0.3), 0 of which are negatively correlated. The least correlated is MFS Value Fund Class I (MEIIX) (Large Cap Value Equities) with a 1Y correlation of 0.32, down from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MFS Value Fund Class I | 0.32 | 0.40 | 0.57 | 72 | Large Cap Value Equities | JLGIX vs MEIIX | |
| Provident Trust Strategy Fund | 0.49 | 0.61 | 0.74 | 53 | Large Cap Growth Equities | JLGIX vs PROVX | |
| Davis New York Venture Fund Class Y | 0.64 | 0.67 | 0.73 | 94 | Large Cap Growth Equities | JLGIX vs DNVYX | |
| ICON Equity Fund | 0.71 | 0.60 | 0.70 | 84 | Large Cap Growth Equities | JLGIX vs IOLZX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.73 | 0.62 | 0.68 | 67 | Foreign Large Cap Equities | JLGIX vs VTMGX |
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