Looking to diversify beyond JLS? The mutual funds below have historically moved differently from JLS, 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 JLS
7 mutual funds have low correlation with JLS (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Mid Cap Value Fund (FASEX) (Mid Cap Value Equities) with a 1Y correlation of 0.11, roughly unchanged from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Mid Cap Value Fund | 0.11 | 0.17 | 0.21 | 84 | Mid Cap Value Equities | JLS vs FASEX | |
| Nuveen Equity Index Fund Class I | 0.12 | 0.18 | 0.21 | 63 | Large Cap Blend Equities | JLS vs TIEIX | |
| Nuveen Real Estate Securities Fund | 0.15 | 0.18 | 0.22 | 72 | REIT | JLS vs FARCX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.15 | 0.20 | 0.21 | 58 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | JLS vs QQQX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.15 | 0.09 | 0.12 | 91 | High Yield Muni | JLS vs NVHIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JLS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is AGNC Investment Corp. (AGNC) (Real Estate) with a 1Y correlation of 0.24, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.24 | 0.24 | 0.25 | 79 | Real Estate |
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