Looking to diversify beyond JMGMX? The mutual funds below have historically moved differently from JMGMX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 Class I (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.29, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund Class I | 0.29 | 0.21 | 0.28 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JMGMX vs JMSIX | |
| MFS Value Fund | 0.49 | 0.59 | 0.68 | 70 | Large Cap Value Equities | JMGMX vs MEIKX | |
| Dodge & Cox Stock Fund Class I | 0.53 | 0.65 | 0.73 | 56 | Large Cap Value Equities | JMGMX vs DODGX | |
| JPMorgan Equity Income Fund R6 | 0.57 | 0.64 | 0.69 | 89 | Large Cap Value Equities, Dividend | JMGMX vs OIEJX | |
| Fidelity International Index Fund | 0.67 | 0.64 | 0.69 | 70 | Foreign Large Cap Equities | JMGMX vs FSPSX |
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