Looking to diversify beyond JNUSX? The mutual funds below have historically moved differently from JNUSX, 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 JNUSX
1 mutual funds have low correlation with JNUSX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT All Cap Core Fund (QIACX) (Large Cap Blend Equities) with a 1Y correlation of 0.27, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund | 0.27 | 0.38 | 0.55 | 53 | Large Cap Blend Equities | JNUSX vs QIACX | |
| JPMorgan Income Fund Class I | 0.36 | 0.30 | 0.31 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JNUSX vs JMSIX | |
| Fidelity Advisor Canada Fund Class A | 0.59 | 0.67 | 0.74 | 59 | Foreign Large Cap Equities | JNUSX vs FACNX | |
| Fidelity Advisor Canada Fund Class M | 0.60 | 0.67 | 0.74 | 56 | Foreign Large Cap Equities | JNUSX vs FTCNX | |
| Fidelity Advisor Canada Fund Class I | 0.60 | 0.67 | 0.74 | 60 | Foreign Large Cap Equities | JNUSX vs FICCX |
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