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 AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) (Systematic Trend) with a 1Y correlation of 0.04, up from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AlphaSimplex Managed Futures Strategy Fund Class Y | 0.04 | -0.05 | -0.15 | 55 | Systematic Trend | JMGIX vs ASFYX | |
| Tactical Multi-Purpose Fund | 0.04 | 0.02 | 0.01 | 100 | Ultrashort Bond | JMGIX vs TMPFX | |
| DFA One Year Fixed Income Portfolio | 0.07 | 0.06 | 0.13 | 100 | Ultrashort Bond | JMGIX vs DFIHX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.09 | 0.03 | 0.00 | 96 | Equity Market Neutral | JMGIX vs BDMIX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 0.09 | 0.10 | 0.01 | 98 | Ultrashort Bond | JMGIX vs TSDUX |
See all 38 diversifiers for JMGIX
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