Looking to diversify beyond JSNIX? The mutual funds below have the lowest correlation with JSNIX — 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 JSNIX.
Best Diversifiers for JSNIX
9 mutual funds have low correlation with JSNIX (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 0.19, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.19 | 0.16 | 0.26 | 79 | Short-Term Bond | JSNIX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.20 | 0.55 | 0.60 | 57 | Short-Term Bond | JSNIX vs GPARX | |
| DFA Short-Duration Real Return Portfolio | 0.24 | 0.24 | 0.36 | 98 | Short-Term Bond | JSNIX vs DFAIX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.25 | 0.26 | 0.26 | 93 | Multistrategy | JSNIX vs JAAAX | |
| John Hancock Disciplined Value Global Long/Short F... | 0.29 | — | — | 80 | Long-Short | JSNIX vs JAKRX |
See all 21 diversifiers for JSNIX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements JSNIX
Add JSNIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JSNIX