Looking to diversify beyond JNSMX? The mutual funds below have the lowest correlation with JNSMX — 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 JNSMX.
Best Diversifiers for JNSMX
1 mutual funds have low correlation with JNSMX (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 -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.21 | 0.07 | -0.06 | 85 | Global Allocation | JNSMX vs LFMIX | |
| Hartford Real Asset Fund | 0.40 | 0.58 | 0.66 | 88 | Global Allocation | JNSMX vs HRLYX | |
| MH Elite Select Portfolio of Funds Fund | 0.41 | 0.44 | 0.68 | 57 | Global Allocation | JNSMX vs MHESX | |
| Lazard Real Assets Portfolio | 0.43 | 0.60 | 0.67 | 59 | Global Allocation | JNSMX vs RALIX | |
| Allspring Absolute Return Fund | 0.47 | 0.65 | 0.62 | 91 | Global Allocation | JNSMX vs WARAX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements JNSMX
Add JNSMX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JNSMX