Looking to diversify beyond JIJSX? The mutual funds below have the lowest correlation with JIJSX — 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 JIJSX.
Best Diversifiers for JIJSX
0 mutual funds have low correlation with JIJSX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.44, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.44 | 0.51 | 0.55 | 81 | Multisector Bonds | JIJSX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.71 | 0.68 | 0.74 | 77 | Large Cap Value Equities, Dividend | JIJSX vs OIEJX | |
| Dimensional Retirement Income Fund | 0.84 | 0.88 | 0.87 | 77 | Target Retirement Date | JIJSX vs TDIFX | |
| Voya Target Retirement 2040 Fund | 0.87 | 0.90 | 0.91 | 81 | Target Retirement Date | JIJSX vs IRSOX | |
| Dimensional 2060 Target Date Retirement Income Fun... | 0.87 | 0.87 | 0.89 | 81 | Target Retirement Date | JIJSX vs DRILX |
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