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
18 mutual funds have low correlation with JLGMX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) (Inflation-Protected Bonds) with a 1Y correlation of -0.04, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.04 | 0.05 | 0.12 | 89 | Inflation-Protected Bonds | JLGMX vs VTAPX | |
| JPMorgan Ultra-Short Municipal Fund | 0.12 | 0.02 | -0.00 | 99 | Municipal Bonds | JLGMX vs USMTX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.14 | -0.05 | -0.11 | 99 | Total Bond Market | JLGMX vs JSOSX | |
| JPMorgan Short Duration Bond A | 0.16 | 0.07 | 0.10 | 66 | Short-Term Bond | JLGMX vs OGLVX | |
| JPMorgan California Tax Free Bond Fund Class C | 0.18 | 0.11 | 0.10 | 55 | Municipal Bonds | JLGMX vs JCBCX |
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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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.25, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.25 | -0.07 | 0.08 | 68 | Energy | |
| Chevron Corporation | -0.25 | -0.04 | 0.13 | 68 | Energy | |
| Duke Energy Corporation | -0.24 | -0.15 | -0.02 | 62 | Utilities | |
| ConocoPhillips Company | -0.23 | -0.02 | 0.11 | 61 | Energy | |
| Chubb Limited | -0.22 | -0.05 | 0.13 | 68 | Financial Services |
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