Looking to diversify beyond JLS? The mutual funds below have the lowest correlation with JLS — 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 JLS.
Best Diversifiers for JLS
6 mutual funds have low correlation with JLS (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen Equity Long/Short Fund (NELIX) (Long-Short) with a 1Y correlation of 0.08, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen Equity Long/Short Fund | 0.08 | 0.14 | 0.17 | 58 | Long-Short | JLS vs NELIX | |
| Nuveen Mid Cap Value Fund | 0.10 | 0.18 | 0.21 | 81 | Mid Cap Value Equities | JLS vs FASEX | |
| Nuveen Short Duration High Yield Municipal Bond Fu... | 0.13 | 0.09 | 0.11 | 65 | High Yield Muni | JLS vs NVHIX | |
| Nuveen Nasdaq 100 Dynamic Overwrite Fund | 0.14 | 0.19 | 0.21 | 62 | Derivative Income, Options Trading, Nasdaq-100, Large Cap Growth Equities, Actively Managed | JLS vs QQQX | |
| Nuveen High Yield Municipal Bond Fund | 0.17 | 0.18 | 0.20 | 63 | High Yield Muni | JLS vs NHMRX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JLS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JLS and solid risk/return profiles. The least correlated is AGNC Investment Corp. (AGNC) (Real Estate) with a 1Y correlation of 0.22, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.22 | 0.24 | 0.24 | 76 | Real Estate |
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