Looking to diversify beyond JLGMX? The mutual funds below have the lowest correlation with JLGMX — 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 JLGMX.
Best Diversifiers for JLGMX
19 mutual funds have low correlation with JLGMX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.11, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.11 | 0.09 | 0.23 | 63 | Energy Equities | JLGMX vs FSENX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.02 | 0.07 | 0.13 | 91 | Inflation-Protected Bonds | JLGMX vs VTAPX | |
| JPMorgan Ultra-Short Municipal Fund | 0.11 | 0.01 | -0.00 | 99 | Municipal Bonds | JLGMX vs USMTX | |
| JPMorgan Short Duration Bond A | 0.11 | 0.06 | 0.10 | 74 | Short-Term Bond | JLGMX vs OGLVX | |
| JPMorgan Short Duration Bond Fund Class C | 0.12 | 0.07 | 0.09 | 61 | Short-Term Bond | JLGMX vs OSTCX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JLGMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JLGMX and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.34, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.34 | -0.04 | 0.16 | 51 | Industrials | |
| Chubb Limited | -0.31 | -0.07 | 0.14 | 83 | Financial Services | |
| Duke Energy Corporation | -0.31 | -0.18 | -0.02 | 63 | Utilities | |
| Verizon Communications Inc. | -0.27 | -0.12 | 0.02 | 54 | Communication Services | |
| Altria Group, Inc. | -0.26 | -0.11 | 0.03 | 79 | Consumer Defensive |
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