Looking to diversify beyond JPDVX? The mutual funds below have the lowest correlation with JPDVX — 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 JPDVX.
Best Diversifiers for JPDVX
1 mutual funds have low correlation with JPDVX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.05, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.05 | 0.16 | 0.47 | 64 | Diversified Portfolio | JPDVX vs MHELX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.34 | 0.56 | 0.61 | 96 | Diversified Portfolio | JPDVX vs FSIRX | |
| Fidelity Strategic Real Return Fund Class K6 | 0.35 | 0.56 | 0.61 | 96 | Diversified Portfolio | JPDVX vs FSRKX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.35 | 0.56 | 0.61 | 95 | Diversified Portfolio | JPDVX vs FCSRX | |
| Fidelity Strategic Real Return Fund | 0.36 | 0.56 | 0.62 | 96 | Diversified Portfolio | JPDVX vs FSRRX |
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