Looking to diversify beyond JOF? The mutual funds below have historically moved differently from JOF, 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 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 0.24, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nuveen California Quality Municipal Income Fund | 0.24 | 0.24 | 0.25 | 82 | Municipal Bonds | JOF vs NAC | |
| The Taiwan Fund Inc. | 0.36 | 0.38 | 0.42 | 95 | Taiwan Equities, Asia Pacific Equities | JOF vs TWN | |
| Voya Asia Pacific High Dividend Equity Income Fund | 0.45 | 0.41 | 0.43 | 58 | Derivative Income, Dividend, Asia Pacific Equities | JOF vs IAE | |
| Nomura Science and Technology Fund Class A | 0.49 | 0.43 | 0.46 | 69 | Technology Equities | JOF vs WSTAX | |
| Commonwealth Japan Fund | 0.60 | 0.57 | 0.61 | 63 | Japan Equities, Asia Pacific Equities | JOF vs CNJFX |
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