Looking to diversify beyond JCBCX? The mutual funds below have the lowest correlation with JCBCX — 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 JCBCX.
Best Diversifiers for JCBCX
10 mutual funds have low correlation with JCBCX (below 0.3), 0 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Tax-Free Conservative Income Fund (TFCYX) (Municipal Bonds) with a 1Y correlation of 0.12, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.12 | 0.10 | 0.10 | 98 | Municipal Bonds | JCBCX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.14 | 0.13 | 0.10 | 98 | Municipal Bonds | JCBCX vs FHMIX | |
| DFA NY Municipal Bond Portfolio | 0.14 | 0.33 | 0.44 | 99 | Municipal Bonds | JCBCX vs DNYMX | |
| JPMorgan Equity Income Fund R6 | 0.16 | 0.12 | 0.08 | 65 | Large Cap Value Equities, Dividend | JCBCX vs OIEJX | |
| abrdn Ultra Short Municipal Income Fund | 0.19 | 0.15 | 0.15 | 99 | Municipal Bonds | JCBCX vs ATOIX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements JCBCX
Add JCBCX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JCBCX