Looking to diversify beyond JLGMX? The mutual funds below have historically moved differently from JLGMX, 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 JLGMX
15 mutual funds have low correlation with JLGMX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.09, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.09 | 0.09 | 0.22 | 87 | Energy Equities | JLGMX vs FSENX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.08 | 0.03 | 0.10 | 70 | Commodities | JLGMX vs PCLIX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.03 | 0.05 | 0.12 | 91 | Inflation-Protected Bonds | JLGMX vs VTAPX | |
| JPMorgan Short Duration Bond Fund Class C | 0.13 | 0.06 | 0.09 | 58 | Short-Term Bond | JLGMX vs OSTCX | |
| JPMorgan Short Duration Bond A | 0.13 | 0.05 | 0.10 | 71 | Short-Term Bond | JLGMX vs OGLVX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JLGMX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.34, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.34 | -0.09 | 0.13 | 87 | Financial Services | |
| Duke Energy Corporation | -0.34 | -0.20 | -0.02 | 52 | Utilities | |
| Altria Group, Inc. | -0.32 | -0.14 | 0.00 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.30 | -0.11 | 0.09 | 87 | Consumer Defensive | |
| Verizon Communications Inc. | -0.29 | -0.14 | 0.01 | 66 | Communication Services |
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