Looking to diversify beyond JEMSX? The mutual funds below have historically moved differently from JEMSX, 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 JEMSX
3 mutual funds have low correlation with JEMSX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund Class I (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.19, roughly unchanged from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund Class I | 0.19 | 0.16 | 0.24 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JEMSX vs JMSIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.19 | 0.51 | 0.60 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | JEMSX vs GSIYX | |
| The Cook & Bynum Fund | 0.24 | 0.37 | 0.45 | 66 | Emerging Markets Equities | JEMSX vs COBYX | |
| JPMorgan Equity Income Fund R6 | 0.42 | 0.45 | 0.50 | 89 | Large Cap Value Equities, Dividend | JEMSX vs OIEJX | |
| Ashmore Emerging Markets Small Cap Equity Fund | 0.45 | 0.63 | 0.69 | 92 | Emerging Markets Equities | JEMSX vs ESCIX |
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