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
10 mutual funds have low correlation with JSNIX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.09, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.09 | -0.00 | 0.28 | 100 | Short-Term Bond | JSNIX vs DFCFX | |
| Leader Short Term High Yield Bond Fund | 0.16 | 0.17 | 0.26 | 84 | Short-Term Bond | JSNIX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.17 | 0.53 | 0.60 | 55 | Short-Term Bond | JSNIX vs GPARX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.25 | 0.25 | 0.27 | 94 | Multistrategy | JSNIX vs JAAAX | |
| John Hancock Funds Disciplined Value Fund | 0.27 | 0.19 | 0.19 | 86 | Large Cap Value Equities | JSNIX vs JVLIX |
See all 25 diversifiers for JSNIX
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