Looking to diversify beyond JOPPX? The mutual funds below have the lowest correlation with JOPPX — 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 JOPPX.
Best Diversifiers for JOPPX
0 mutual funds have low correlation with JOPPX (below 0.3), 0 of which are negatively correlated. The least correlated is Johnson Institutional Short Duration Bond Fund (JIBDX) (Short-Term Bond) with a 1Y correlation of 0.32, up from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Johnson Institutional Short Duration Bond Fund | 0.32 | 0.20 | 0.17 | 75 | Short-Term Bond | JOPPX vs JIBDX | |
| Victory Trivalent International Small-Cap Fund Cla... | 0.61 | 0.65 | 0.71 | 53 | Mid Cap Blend Equities, Foreign Small & Mid Cap Equities | JOPPX vs MISIX | |
| Gotham Enhanced Return Fund | 0.67 | 0.73 | 0.79 | 84 | Mid Cap Blend Equities | JOPPX vs GENIX | |
| Tarkio Fund | 0.68 | 0.78 | 0.84 | 62 | Mid Cap Blend Equities | JOPPX vs TARKX | |
| Johnson Enhanced Return Fund | 0.69 | 0.74 | 0.81 | 66 | Large Cap Blend Equities | JOPPX vs JENHX |
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