Looking to diversify beyond JGMNX? The mutual funds below have historically moved differently from JGMNX, 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 JGMNX
0 mutual funds have low correlation with JGMNX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes MDT Small Cap Growth Fund (QISGX) (Small Cap Growth Equities) with a 1Y correlation of 0.37, down from 0.77 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes MDT Small Cap Growth Fund | 0.37 | 0.60 | 0.77 | 71 | Small Cap Growth Equities | JGMNX vs QISGX | |
| MFS Value Fund | 0.65 | 0.73 | 0.78 | 70 | Large Cap Value Equities | JGMNX vs MEIKX | |
| Invesco Discovery Fund Class R6 | 0.75 | 0.83 | 0.89 | 64 | Small Cap Growth Equities | JGMNX vs ODIIX | |
| Oberweis Micro Cap Fund | 0.76 | 0.83 | 0.87 | 79 | Small Cap Growth Equities | JGMNX vs OBMCX | |
| Needham Small Cap Growth Fund | 0.76 | 0.80 | 0.83 | 80 | Small Cap Growth Equities | JGMNX vs NESGX |
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