Looking to diversify beyond MINJX? The mutual funds below have the lowest correlation with MINJX — 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 MINJX.
Best Diversifiers for MINJX
0 mutual funds have low correlation with MINJX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.51, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.51 | 0.57 | 0.65 | 61 | Foreign Large Cap Equities | MINJX vs IVFIX | |
| BNY Mellon Natural Resources Fund | 0.54 | 0.55 | 0.51 | 54 | Energy Equities | MINJX vs DLDRX | |
| Fidelity Growth Company K6 Fund | 0.58 | 0.60 | 0.68 | 80 | Large Cap Growth Equities | MINJX vs FGKFX | |
| JPMorgan Equity Income Fund R6 | 0.64 | 0.59 | 0.64 | 84 | Large Cap Value Equities, Dividend | MINJX vs OIEJX | |
| Fidelity Advisor Small Cap Value Fund Class I | 0.64 | 0.64 | 0.67 | 76 | Small Cap Value Equities | MINJX vs FCVIX |
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