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  "documentTitle": "mi guide to alternatives",
  "authorId": "JPMorgan",
  "authorName": "J.P. Morgan Asset Management",
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  "notes": "The chart uses a 60/40 portfolio as the benchmark for correlation.",
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      "text": "10-year correlations and 10-year annualized total returns, 4Q15 – 3Q25",
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      "kind": "disclaimer",
      "text": "Source: Burgiss, Cliffwater, FactSet, MSCI, NCREIF, PivotalPath, J.P. Morgan Asset Management. All categories are global, except for timberland and private credit, which are U.S.",
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      "text": "Real estate, Other real assets, Private markets, Hedge funds",
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      "text": "Alternatives: Correlations, returns and yields",
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      "beatName": "What Could Be",
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      "objective": "Why consider alternative investments?",
      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
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