Looking to diversify beyond JAKSX? The mutual funds below have the lowest correlation with JAKSX — 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 JAKSX.
Best Diversifiers for JAKSX
0 mutual funds have low correlation with JAKSX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.32, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.32 | 0.30 | 0.34 | 78 | Multisector Bonds | JAKSX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.74 | 0.75 | 0.81 | 80 | Large Cap Value Equities, Dividend | JAKSX vs OIEJX | |
| Dimensional Retirement Income Fund | 0.78 | 0.77 | 0.73 | 70 | Target Retirement Date | JAKSX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.83 | 0.75 | 0.74 | 70 | Target Retirement Date | JAKSX vs FRQHX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.83 | 0.74 | 0.71 | 65 | Target Retirement Date | JAKSX vs FRIMX |
See all 63 diversifiers for JAKSX
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