Looking to diversify beyond JMABX? The mutual funds below have the lowest correlation with JMABX — 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 JMABX.
Best Diversifiers for JMABX
4 mutual funds have low correlation with JMABX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Long/Short Equity Fund Class I (BDMIX) (Long-Short) with a 1Y correlation of 0.02, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Long/Short Equity Fund Class I | 0.02 | 0.03 | 0.01 | 95 | Long-Short | JMABX vs BDMIX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.04 | -0.13 | -0.33 | 60 | Systematic Trend | JMABX vs ASFYX | |
| BlackRock Technology Opportunities Fund Investor A | 0.23 | 0.17 | 0.16 | 66 | Technology Equities | JMABX vs BGSAX | |
| Shelton Capital Management Nasdaq-100 Index Fund D... | 0.29 | 0.20 | 0.18 | 70 | Large Cap Growth Equities | JMABX vs NASDX | |
| iShares S&P 500 Index Fund Class K | 0.37 | 0.26 | 0.19 | 66 | S&P 500 | JMABX vs WFSPX |
See all 14 diversifiers for JMABX
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