Looking to diversify beyond JGISX? The mutual funds below have historically moved differently from JGISX, 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 JGISX
1 mutual funds have low correlation with JGISX (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 0.22, roughly unchanged from 0.26 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 | 0.22 | 0.17 | 0.26 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JGISX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.39 | 0.48 | 0.62 | 89 | Large Cap Value Equities, Dividend | JGISX vs OIEJX | |
| ICON Equity Fund | 0.59 | 0.58 | 0.70 | 78 | Large Cap Growth Equities | JGISX vs IOLZX | |
| Davis New York Venture Fund Class Y | 0.59 | 0.69 | 0.76 | 89 | Large Cap Growth Equities | JGISX vs DNVYX | |
| Vanguard PRIMECAP Fund Investor Shares | 0.74 | 0.81 | 0.87 | 88 | Large Cap Growth Equities | JGISX vs VPMCX |
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