Looking to diversify beyond JNHYX? The mutual funds below have the lowest correlation with JNHYX — 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 JNHYX.
Best Diversifiers for JNHYX
3 mutual funds have low correlation with JNHYX (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 0.08, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund | 0.08 | 0.08 | 0.10 | 100 | High Yield Bonds | JNHYX vs CCLFX | |
| Pioneer ILS Interval Fund | 0.09 | 0.08 | 0.07 | 100 | High Yield Bonds | JNHYX vs XILSX | |
| RiverPark Short Term High Yield Fund | 0.22 | 0.17 | 0.24 | 99 | High Yield Bonds | JNHYX vs RPHIX | |
| T. Rowe Price Floating Rate Fund | 0.44 | 0.49 | 0.54 | 96 | High Yield Bonds | JNHYX vs PRFRX | |
| Federated Hermes High-Yield Strategy Portfolio | 0.48 | 0.68 | 0.81 | 69 | High Yield Bonds | JNHYX vs FHYSX |
See all 24 diversifiers for JNHYX
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