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
0 mutual funds have low correlation with JOF (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Advisor Japan Fund Class A (FPJAX) (Japan Equities) with a 1Y correlation of 0.68, roughly unchanged from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Advisor Japan Fund Class A | 0.68 | 0.69 | 0.70 | 59 | Japan Equities | JOF vs FPJAX | |
| Fidelity Advisor Japan Fund Class M | 0.69 | 0.69 | 0.70 | 59 | Japan Equities | JOF vs FJPTX | |
| Fidelity Advisor Japan Fund Class Z | 0.69 | 0.69 | 0.70 | 60 | Japan Equities | JOF vs FIQLX | |
| Fidelity Japan Fund | 0.69 | 0.69 | 0.70 | 60 | Japan Equities | JOF vs FJPNX | |
| Fidelity Advisor Japan Fund Class I | 0.69 | 0.69 | 0.70 | 60 | Japan Equities | JOF vs FJPIX |
See all 6 diversifiers for JOF
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Diversification Analysis
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