Looking to diversify beyond JMADX? The mutual funds below have the lowest correlation with JMADX — 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 JMADX.
Best Diversifiers for JMADX
5 mutual funds have low correlation with JMADX (below 0.3), 0 of which are negatively correlated. The least correlated is Cliffwater Corporate Lending Fund (CCLFX) (High Yield Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.03 | 0.07 | 0.08 | 100 | High Yield Bonds | JMADX vs CCLFX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.04 | 0.07 | 0.03 | 92 | Long-Short | JMADX vs BDMIX | |
| Pioneer ILS Interval Fund | 0.09 | 0.10 | 0.07 | 100 | High Yield Bonds | JMADX vs XILSX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.14 | 0.03 | -0.11 | 67 | Systematic Trend | JMADX vs ASFYX | |
| RiverPark Short Term High Yield Fund | 0.14 | 0.15 | 0.24 | 100 | High Yield Bonds | JMADX vs RPHIX |
See all 28 diversifiers for JMADX
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