Looking to diversify beyond JMGMX? The mutual funds below have the lowest correlation with JMGMX — 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 JMGMX.
Best Diversifiers for JMGMX
1 mutual funds have low correlation with JMGMX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.24 | 0.21 | 0.28 | 80 | Multisector Bonds | JMGMX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.62 | 0.65 | 0.70 | 65 | Large Cap Value Equities, Dividend | JMGMX vs OIEJX | |
| Tanaka Growth Fund | 0.68 | 0.73 | 0.79 | 54 | Mid Cap Growth Equities | JMGMX vs TGFRX | |
| Essex Environmental Opportunities Fund | 0.70 | 0.75 | 0.81 | 79 | Mid Cap Growth Equities | JMGMX vs EEOFX | |
| Needham Growth Fund Institutional Class | 0.76 | 0.79 | 0.85 | 93 | Mid Cap Growth Equities | JMGMX vs NEEIX |
See all 16 diversifiers for JMGMX
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