Looking to diversify beyond JNBSX? The mutual funds below have the lowest correlation with JNBSX — 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 JNBSX.
Best Diversifiers for JNBSX
1 mutual funds have low correlation with JNBSX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.17 | 0.45 | 67 | Diversified Portfolio | JNBSX vs MHELX | |
| Federated Hermes Capital Income Fund | 0.39 | 0.65 | 0.79 | 83 | Diversified Portfolio | JNBSX vs CAPAX | |
| JPMorgan Income Fund | 0.44 | 0.52 | 0.57 | 81 | Multisector Bonds | JNBSX vs JMSIX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.44 | 0.66 | 0.70 | 82 | Diversified Portfolio | JNBSX vs FCSRX | |
| Concorde Wealth Management Fund | 0.44 | 0.61 | 0.69 | 55 | Diversified Portfolio | JNBSX vs CONWX |
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