Looking to diversify beyond FJMNX? The mutual funds below have the lowest correlation with FJMNX — 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 FJMNX.
Best Diversifiers for FJMNX
14 mutual funds have low correlation with FJMNX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA California Municipal Real Return Portfolio (DCARX) (Municipal Bonds) with a 1Y correlation of -0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA California Municipal Real Return Portfolio | -0.04 | 0.16 | 0.20 | 96 | Municipal Bonds | FJMNX vs DCARX | |
| DFA Municipal Real Return Portfolio | 0.04 | 0.20 | 0.21 | 95 | Municipal Bonds | FJMNX vs DMREX | |
| Nuveen Equity Long/Short Fund | 0.15 | 0.10 | 0.06 | 57 | Long-Short | FJMNX vs NELIX | |
| Nuveen Mid Cap Value Fund | 0.15 | 0.13 | 0.08 | 70 | Mid Cap Value Equities | FJMNX vs FASEX | |
| JPMorgan Ultra-Short Municipal Fund | 0.16 | 0.33 | 0.38 | 99 | Municipal Bonds | FJMNX vs USMSX |
See all 25 diversifiers for FJMNX
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