Looking to diversify beyond JMIEX? The mutual funds below have historically moved differently from JMIEX, 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 JMIEX
7 mutual funds have low correlation with JMIEX (below 0.3), 2 of which are negatively correlated. The least correlated is PIMCO CommoditiesPLUS Strategy Fund (PCLIX) (Commodities) with a 1Y correlation of -0.04, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO CommoditiesPLUS Strategy Fund | -0.04 | 0.15 | 0.18 | 72 | Commodities | JMIEX vs PCLIX | |
| Fidelity SAI Inflation-Focused | -0.04 | 0.14 | 0.19 | 79 | Commodities | JMIEX vs FIFGX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.19 | 0.51 | 0.60 | 56 | Foreign Large Cap Equities, Emerging Markets Equities | JMIEX vs GSIYX | |
| JPMorgan Income Fund Class I | 0.19 | 0.16 | 0.24 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JMIEX vs JMSIX | |
| The Cook & Bynum Fund | 0.25 | 0.38 | 0.45 | 66 | Emerging Markets Equities | JMIEX vs COBYX |
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