Looking to diversify beyond JDESX? The mutual funds below have the lowest correlation with JDESX — 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 JDESX.
Best Diversifiers for JDESX
1 mutual funds have low correlation with JDESX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.25, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.25 | 0.21 | 0.27 | 81 | Multisector Bonds | JDESX vs JMSIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.32 | 0.14 | 0.12 | 72 | Large Cap Blend Equities | JDESX vs SVPFX | |
| North Square Preferred and Income Securities Fund | 0.51 | 0.35 | 0.42 | 69 | Large Cap Blend Equities | JDESX vs ORDNX | |
| Rock Oak Core Growth Fund | 0.60 | 0.70 | 0.79 | 62 | Large Cap Blend Equities | JDESX vs RCKSX | |
| JPMorgan Equity Income Fund R6 | 0.68 | 0.71 | 0.79 | 77 | Large Cap Value Equities, Dividend | JDESX vs OIEJX |
See all 41 diversifiers for JDESX
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