Looking to diversify beyond JRTMX? The mutual funds below have the lowest correlation with JRTMX — 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 JRTMX.
Best Diversifiers for JRTMX
3 mutual funds have low correlation with JRTMX (below 0.3), 1 of which are negatively correlated. The least correlated is AQR Style Premia Alternative Fund (QSPIX) (Multistrategy) with a 1Y correlation of -0.14, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund | -0.14 | -0.14 | -0.19 | 70 | Multistrategy | JRTMX vs QSPIX | |
| AQR Diversified Arbitrage Fund Class I | 0.12 | 0.21 | 0.42 | 99 | Multistrategy | JRTMX vs ADAIX | |
| AQR Managed Futures Strategy Fund Class N | 0.13 | 0.02 | -0.15 | 90 | Systematic Trend | JRTMX vs AQMNX | |
| AQR Long-Short Equity Fund Class N | 0.43 | 0.40 | 0.30 | 51 | Long-Short, Actively Managed | JRTMX vs QLENX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.64 | — | — | 90 | Long-Short | JRTMX vs JAKVX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JRTMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JRTMX and solid risk/return profiles. The least correlated is Sun Life Financial Inc. (SLF) (Financial Services) with a 1Y correlation of 0.37, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sun Life Financial Inc. | 0.37 | 0.53 | 0.61 | 87 | Financial Services | |
| MetLife, Inc. | 0.40 | 0.47 | 0.55 | 69 | Financial Services |
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