Looking to diversify beyond JMIGX? The mutual funds below have historically moved differently from JMIGX, 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 JMIGX
0 mutual funds have low correlation with JMIGX (below 0.3), 0 of which are negatively correlated. The least correlated is Needham Aggressive Growth Fund Institutional Class (NEAIX) (Small Cap Growth Equities) with a 1Y correlation of 0.61, down from 0.71 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Needham Aggressive Growth Fund Institutional Class | 0.61 | 0.65 | 0.71 | 60 | Small Cap Growth Equities | JMIGX vs NEAIX | |
| Needham Aggressive Growth Fund | 0.61 | 0.65 | 0.71 | 60 | Small Cap Growth Equities | JMIGX vs NEAGX | |
| Needham Small Cap Growth Fund | 0.62 | 0.69 | 0.75 | 80 | Small Cap Growth Equities | JMIGX vs NESGX | |
| Needham Small Cap Growth Fund Institutional | 0.62 | 0.69 | 0.75 | 81 | Small Cap Growth Equities | JMIGX vs NESIX | |
| Oberweis Micro Cap Fund | 0.63 | 0.71 | 0.76 | 79 | Small Cap Growth Equities | JMIGX vs OBMCX |
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