Looking to diversify beyond JCBUX? The mutual funds below have historically moved differently from JCBUX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for JCBUX
3 mutual funds have low correlation with JCBUX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P 500 Index Fund Class K (WFSPX) (S&P 500) with a 1Y correlation of 0.28, up from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Index Fund Class K | 0.28 | 0.19 | 0.14 | 63 | S&P 500 | JCBUX vs WFSPX | |
| JPMorgan Equity Income Fund R6 | 0.28 | 0.20 | 0.12 | 89 | Large Cap Value Equities, Dividend | JCBUX vs OIEJX | |
| Schwab S&P 500 Index Fund | 0.29 | 0.20 | 0.13 | 63 | Large Cap Blend Equities, S&P 500 | JCBUX vs SWPPX | |
| JPMorgan Income Fund Class I | 0.63 | 0.71 | 0.70 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JCBUX vs JMSIX | |
| Hartford Schroders Tax-Aware Bond Fund | 0.72 | 0.71 | 0.68 | 64 | Intermediate Core Bond | JCBUX vs STWTX |
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