Looking to diversify beyond JNUSX? The mutual funds below have the lowest correlation with JNUSX — 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 JNUSX.
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 0.21, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT All Cap Core Fund | 0.21 | 0.38 | 0.55 | 51 | Large Cap Blend Equities | JNUSX vs QIACX | |
| JPMorgan Income Fund | 0.35 | 0.30 | 0.32 | 86 | Multisector Bonds | JNUSX vs JMSIX | |
| Virtus Technology Fund | 0.43 | 0.43 | 0.51 | 50 | Technology Equities | JNUSX vs DRGTX | |
| American Beacon Tocqueville International Value Fu... | 0.59 | 0.65 | 0.75 | 83 | Foreign Large Cap Equities | JNUSX vs TIVFX | |
| Thornburg Global Opportunities Fund | 0.60 | 0.70 | 0.78 | 86 | Foreign Large Cap Equities | JNUSX vs THOIX |
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