Looking to diversify beyond JNBAX? The mutual funds below have the lowest correlation with JNBAX — 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 JNBAX.
Best Diversifiers for JNBAX
1 mutual funds have low correlation with JNBAX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.24, up from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.24 | -0.02 | -0.14 | 85 | Global Allocation | JNBAX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.42 | 0.41 | 0.62 | 57 | Global Allocation | JNBAX vs MHESX | |
| JPMorgan Income Fund | 0.42 | 0.51 | 0.56 | 81 | Multisector Bonds | JNBAX vs JMSIX | |
| Hartford Real Asset Fund | 0.46 | 0.63 | 0.70 | 88 | Global Allocation | JNBAX vs HRLYX | |
| Allspring Absolute Return Fund | 0.50 | 0.66 | 0.64 | 91 | Global Allocation | JNBAX vs WARAX |
See all 22 diversifiers for JNBAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements JNBAX
Add JNBAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JNBAX