Looking to diversify beyond JMGIX? The mutual funds below have the lowest correlation with JMGIX — 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 JMGIX.
Best Diversifiers for JMGIX
21 mutual funds have low correlation with JMGIX (below 0.3), 1 of which are negatively correlated. The least correlated is DFA One Year Fixed Income Portfolio (DFIHX) (Ultrashort Bond) with a 1Y correlation of -0.01, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA One Year Fixed Income Portfolio | -0.01 | 0.05 | 0.12 | 99 | Ultrashort Bond | JMGIX vs DFIHX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.02 | -0.08 | -0.16 | 67 | Systematic Trend | JMGIX vs ASFYX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.04 | 0.02 | -0.00 | 92 | Long-Short | JMGIX vs BDMIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.09 | 0.10 | 0.17 | 98 | Ultrashort Bond | JMGIX vs CUTAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.09 | 0.08 | 0.01 | 97 | Ultrashort Bond | JMGIX vs TSDUX |
See all 32 diversifiers for JMGIX
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