Looking to diversify beyond JGACX? The mutual funds below have historically moved differently from JGACX, 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 JGACX
1 mutual funds have low correlation with JGACX (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 0.24, roughly unchanged from 0.27 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 | 0.24 | 0.19 | 0.27 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JGACX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.39 | 0.48 | 0.61 | 89 | Large Cap Value Equities, Dividend | JGACX vs OIEJX | |
| Davis New York Venture Fund Class Y | 0.60 | 0.69 | 0.77 | 90 | Large Cap Growth Equities | JGACX vs DNVYX | |
| ICON Equity Fund | 0.63 | 0.60 | 0.72 | 80 | Large Cap Growth Equities | JGACX vs IOLZX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.69 | 0.64 | 0.70 | 76 | Foreign Large Cap Equities | JGACX vs VTMGX |
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