Looking to diversify beyond JSDSX? The mutual funds below have historically moved differently from JSDSX, 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 JSDSX
4 mutual funds have low correlation with JSDSX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.05, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.05 | 0.05 | 0.22 | 84 | Short-Term Bond | JSDSX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.16 | 0.58 | 0.68 | 69 | Short-Term Bond | JSDSX vs GPARX | |
| GuidepathConservative Income Fund | 0.26 | 0.33 | 0.43 | 99 | Short-Term Bond | JSDSX vs GPICX | |
| DFA Two-Year Fixed Income Portfolio | 0.28 | 0.08 | 0.37 | 100 | Short-Term Bond | JSDSX vs DFCFX | |
| MFS Value Fund Class I | 0.31 | 0.19 | 0.22 | 69 | Large Cap Value Equities | JSDSX vs MEIIX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JSDSX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.06, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.06 | 0.14 | 0.15 | 66 | Communication Services | |
| The Coca-Cola Company | 0.12 | 0.13 | 0.16 | 90 | Consumer Defensive | |
| Johnson & Johnson | 0.13 | 0.15 | 0.17 | 97 | Healthcare | |
| JPMorgan Chase & Co. | 0.15 | 0.00 | 0.06 | 71 | Financial Services | |
| Dollar General Corporation | 0.27 | 0.16 | 0.13 | 62 | Consumer Defensive |
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