Looking to diversify beyond JNSTX? The mutual funds below have historically moved differently from JNSTX, 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 JNSTX
7 mutual funds have low correlation with JNSTX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.01, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.01 | -0.04 | 0.28 | 100 | Short-Term Bond | JNSTX vs DFCFX | |
| GuidePath Absolute Return Allocation Fund | 0.06 | 0.34 | 0.45 | 69 | Short-Term Bond | JNSTX vs GPARX | |
| GuidepathConservative Income Fund | 0.11 | 0.26 | 0.35 | 99 | Short-Term Bond | JNSTX vs GPICX | |
| DFA Short-Duration Real Return Portfolio | 0.13 | 0.15 | 0.29 | 98 | Short-Term Bond | JNSTX vs DFAIX | |
| Leader Short Term High Yield Bond Fund | 0.18 | 0.16 | 0.19 | 84 | Short-Term Bond | JNSTX vs LCCMX |
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