Looking to diversify beyond JNSMX? The mutual funds below have historically moved differently from JNSMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for JNSMX
3 mutual funds have low correlation with JNSMX (below 0.3), 0 of which are negatively correlated. The least correlated is Wilmington Real Asset Fund (WMRIX) (Global Allocation) with a 1Y correlation of 0.25, down from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Wilmington Real Asset Fund | 0.25 | 0.51 | 0.59 | 90 | Global Allocation | JNSMX vs WMRIX | |
| LoCorr Macro Strategies Fund Class I | 0.25 | 0.09 | -0.07 | 79 | Global Allocation | JNSMX vs LFMIX | |
| MH Elite Select Portfolio of Funds Fund | 0.28 | 0.39 | 0.65 | 68 | Global Allocation | JNSMX vs MHESX | |
| Hartford Real Asset Fund | 0.34 | 0.54 | 0.64 | 97 | Global Allocation | JNSMX vs HRLYX | |
| DWS RREEF Real Assets C | 0.38 | 0.61 | 0.70 | 69 | Global Allocation | JNSMX vs AAAPX |
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