Looking to diversify beyond JUCIX? The mutual funds below have the lowest correlation with JUCIX — 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 JUCIX.
Best Diversifiers for JUCIX
12 mutual funds have low correlation with JUCIX (below 0.3), 1 of which are negatively correlated. The least correlated is Artisan Global Unconstrained Fund (APFPX) (Nontraditional Bonds) with a 1Y correlation of -0.07, up from -0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Artisan Global Unconstrained Fund | -0.07 | -0.20 | — | 99 | Nontraditional Bonds | JUCIX vs APFPX | |
| Putnam Mortgage Opportunities Fund | 0.00 | 0.00 | 0.05 | 74 | Nontraditional Bonds | JUCIX vs PMOTX | |
| Eaton Vance Global Macro Absolute Return Fund | 0.10 | 0.18 | 0.13 | 99 | Nontraditional Bonds | JUCIX vs EIGMX | |
| Victory Pioneer Cat Bond Fund Class Y | 0.10 | — | — | 100 | Nontraditional Bonds | JUCIX vs CBYYX | |
| T. Rowe Price Dynamic Credit Fund | 0.10 | 0.08 | 0.08 | 78 | Nontraditional Bonds | JUCIX vs RPIDX |
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