Looking to diversify beyond JOHIX? The mutual funds below have the lowest correlation with JOHIX — 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 JOHIX.
Best Diversifiers for JOHIX
0 mutual funds have low correlation with JOHIX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.49, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.49 | 0.55 | 0.65 | 63 | Foreign Large Cap Equities | JOHIX vs IVFIX | |
| PIMCO RAE International Fund | 0.56 | 0.61 | 0.71 | 59 | Foreign Large Cap Equities | JOHIX vs PPYPX | |
| Thornburg Global Opportunities Fund | 0.58 | 0.61 | 0.70 | 86 | Foreign Large Cap Equities | JOHIX vs THOIX | |
| American Beacon Tocqueville International Value Fu... | 0.59 | 0.67 | 0.76 | 84 | Foreign Large Cap Equities | JOHIX vs TIVFX | |
| PIMCO RAE PLUS International Fund | 0.59 | 0.55 | 0.60 | 83 | Foreign Large Cap Equities | JOHIX vs PTSIX |
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