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
20 mutual funds have low correlation with JMGIX (below 0.3), 0 of which are negatively correlated. The least correlated is Tactical Multi-Purpose Fund (TMPFX) (Ultrashort Bond) with a 1Y correlation of 0.02, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.02 | 0.02 | 0.01 | 100 | Ultrashort Bond | JMGIX vs TMPFX | |
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.04 | -0.07 | -0.15 | 54 | Systematic Trend | JMGIX vs ASFYX | |
| DFA One Year Fixed Income Portfolio | 0.07 | 0.08 | 0.13 | 99 | Ultrashort Bond | JMGIX vs DFIHX | |
| BlackRock Global Long/Short Equity Fund Class I | 0.08 | 0.03 | 0.00 | 94 | Long-Short | JMGIX vs BDMIX | |
| T. Rowe Price Ultra Short-Term Bond Fund Class I | 0.08 | 0.36 | 0.37 | 99 | Ultrashort Bond | JMGIX vs TRSTX |
See all 37 diversifiers for JMGIX
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