Looking to diversify beyond JGIAX? The mutual funds below have the lowest correlation with JGIAX — 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 JGIAX.
Best Diversifiers for JGIAX
4 mutual funds have low correlation with JGIAX (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Amundi Strategic Income Fund (NWXHX) (Multisector Bonds) with a 1Y correlation of 0.12, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Amundi Strategic Income Fund | 0.12 | 0.34 | 0.25 | 99 | Multisector Bonds | JGIAX vs NWXHX | |
| Nationwide Strategic Income A | 0.13 | 0.31 | 0.24 | 99 | Multisector Bonds | JGIAX vs NWXEX | |
| CrossingBridge Low Duration High Yield Fund | 0.21 | 0.20 | 0.22 | 97 | Multisector Bonds | JGIAX vs CBLDX | |
| JPMorgan Equity Income Fund R6 | 0.25 | 0.20 | 0.25 | 84 | Large Cap Value Equities, Dividend | JGIAX vs OIEJX | |
| Intrepid Income Fund | 0.41 | 0.46 | 0.46 | 97 | Multisector Bonds | JGIAX vs ICMUX |
See all 12 diversifiers for JGIAX
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