Looking to diversify beyond PMJAX? The mutual funds below have the lowest correlation with PMJAX — 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 PMJAX.
Best Diversifiers for PMJAX
1 mutual funds have low correlation with PMJAX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes Clover Small Value Fund (VSFAX) (Small Cap Value Equities) with a 1Y correlation of 0.28, down from 0.76 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Clover Small Value Fund | 0.28 | 0.60 | 0.76 | 54 | Small Cap Value Equities | PMJAX vs VSFAX | |
| Aegis Value Fund | 0.42 | 0.52 | 0.62 | 89 | Small Cap Value Equities | PMJAX vs AVALX | |
| John Hancock Variable Insurance Trust Small Cap Va... | 0.67 | 0.78 | 0.84 | 67 | Small Cap Value Equities | PMJAX vs JESVX | |
| Bridgeway Ultra Small Company Market Fund | 0.75 | 0.78 | 0.79 | 74 | Small Cap Value Equities | PMJAX vs BRSIX | |
| Third Avenue Small Cap Value Fund | 0.78 | 0.77 | 0.81 | 79 | Small Cap Value Equities | PMJAX vs TASCX |
See all 83 diversifiers for PMJAX
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