Looking to diversify beyond JEMDX? The mutual funds below have historically moved differently from JEMDX, 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 JEMDX
1 mutual funds have low correlation with JEMDX (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09 | — | — | 100 | Nontraditional Bonds | JEMDX vs CBYYX | |
| JPMorgan Equity Income Fund R6 | 0.35 | 0.30 | 0.31 | 89 | Large Cap Value Equities, Dividend | JEMDX vs OIEJX | |
| Morgan Stanley Emerging Markets Domestic Fund | 0.45 | 0.38 | 0.40 | 57 | Emerging Markets Bonds | JEMDX vs EDD | |
| JPMorgan Income Fund Class I | 0.46 | 0.58 | 0.61 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JEMDX vs JMSIX | |
| DFA Emerging Markets Value Portfolio | 0.47 | 0.33 | 0.38 | 66 | Emerging Markets Equities | JEMDX vs DFEVX |
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