Looking to diversify beyond JNSGX? The mutual funds below have the lowest correlation with JNSGX — 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 JNSGX.
Best Diversifiers for JNSGX
1 mutual funds have low correlation with JNSGX (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 0.21, up from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.21 | 0.11 | -0.02 | 86 | Global Allocation | JNSGX vs LFMIX | |
| Hartford Real Asset Fund | 0.38 | 0.57 | 0.65 | 88 | Global Allocation | JNSGX vs HRLYX | |
| MH Elite Select Portfolio of Funds Fund | 0.41 | 0.44 | 0.68 | 65 | Global Allocation | JNSGX vs MHESX | |
| Allspring Absolute Return Fund | 0.46 | 0.63 | 0.61 | 92 | Global Allocation | JNSGX vs WARAX | |
| Nuveen Real Asset Income Fund | 0.48 | 0.61 | 0.71 | 51 | Global Allocation | JNSGX vs NRIIX |
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