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
6 mutual funds have low correlation with JGIAX (below 0.3), 0 of which are negatively correlated. The least correlated is CrossingBridge Responsible Credit Fund (CBRDX) (Multisector Bonds) with a 1Y correlation of 0.07, roughly unchanged from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CrossingBridge Responsible Credit Fund | 0.07 | 0.12 | — | 58 | Multisector Bonds | JGIAX vs CBRDX | |
| Nationwide Strategic Income A | 0.07 | 0.30 | 0.24 | 99 | Multisector Bonds | JGIAX vs NWXEX | |
| Potomac Managed Volatility Fund | 0.07 | 0.35 | 0.21 | 55 | Multisector Bonds | JGIAX vs CRMVX | |
| Nationwide Amundi Strategic Income Fund | 0.12 | 0.33 | 0.25 | 99 | Multisector Bonds | JGIAX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.18 | 0.19 | 0.21 | 97 | Multisector Bonds | JGIAX vs CBLDX |
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