Looking to diversify beyond JOPPX? The mutual funds below have historically moved differently from JOPPX, 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 JOPPX
1 mutual funds have low correlation with JOPPX (below 0.3), 0 of which are negatively correlated. The least correlated is Johnson Municipal Income Fund (JMUNX) (Municipal Bonds) with a 1Y correlation of 0.22, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Johnson Municipal Income Fund | 0.22 | 0.17 | 0.13 | 55 | Municipal Bonds | JOPPX vs JMUNX | |
| Johnson Institutional Short Duration Bond Fund | 0.38 | 0.22 | 0.18 | 70 | Short-Term Bond | JOPPX vs JIBDX | |
| Gotham Enhanced Return Fund | 0.62 | 0.71 | 0.78 | 88 | Mid Cap Blend Equities | JOPPX vs GENIX | |
| Hodges Fund | 0.63 | 0.72 | 0.79 | 59 | Mid Cap Blend Equities | JOPPX vs HDPMX | |
| Paradigm Select Fund | 0.63 | 0.74 | 0.82 | 90 | Mid Cap Blend Equities | JOPPX vs PFSLX |
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