Looking to diversify beyond JVLIX? The mutual funds below have historically moved differently from JVLIX, 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 JVLIX
10 mutual funds have low correlation with JVLIX (below 0.3), 0 of which are negatively correlated. The least correlated is GQG Partners US Quality Dividend Income Fund (GQHPX) (Quality Factor) with a 1Y correlation of 0.03, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GQG Partners US Quality Dividend Income Fund | 0.03 | 0.48 | 0.65 | 58 | Quality Factor, Large Cap Value Equities | JVLIX vs GQHPX | |
| Putnam Ultra Short Duration Income Fund | 0.07 | 0.06 | 0.04 | 99 | Ultrashort Bond | JVLIX vs PSDYX | |
| Voya Corporate Leaders Trust Fund | 0.20 | 0.51 | 0.67 | 94 | Large Cap Value Equities | JVLIX vs LEXCX | |
| John Hancock High Yield Municipal Bond Fund | 0.22 | 0.14 | 0.08 | 68 | High Yield Muni | JVLIX vs JHTFX | |
| John Hancock California Municipal Bond Fund | 0.22 | 0.15 | 0.08 | 68 | Municipal Bonds | JVLIX vs TACAX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JVLIX, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.04, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.04 | 0.25 | 0.41 | 79 | Energy | |
| Nebius Group N.V. | 0.34 | 0.34 | 0.34 | 94 | Communication Services |
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