Looking to diversify beyond JOF? The mutual funds below have the lowest correlation with JOF — 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 JOF.
Best Diversifiers for JOF
1 mutual funds have low correlation with JOF (below 0.3), 0 of which are negatively correlated. The least correlated is Nuveen California Quality Municipal Income Fund (NAC) (Municipal Bonds) with a 1Y correlation of 0.23, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen California Quality Municipal Income Fund | 0.23 | 0.25 | 0.25 | 76 | Municipal Bonds | JOF vs NAC | |
| Commonwealth Japan Fund | 0.58 | 0.57 | 0.61 | 66 | Japan Equities | JOF vs CNJFX | |
| DFA Japanese Small Company Portfolio | 0.63 | 0.66 | 0.68 | 58 | Japan Equities | JOF vs DFJSX | |
| Fidelity Japan Smaller Companies Fund | 0.66 | 0.66 | 0.67 | 67 | Japan Equities | JOF vs FJSCX | |
| Fidelity Advisor Japan Fund Class M | 0.70 | 0.69 | 0.70 | 77 | Japan Equities | JOF vs FJPTX |
See all 11 diversifiers for JOF
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