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Jacob Discovery Fund (JMIGX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in micro capitalization companies. Micro capitalization companies are defined as those companies with market capitalizations (share price multiplied by number of shares outstanding) of (1) less than or equal to $600 million; or (2) within the capitalization range of the Russell Micro Cap Growth Index at the time of purchase.

Looking to diversify beyond JMIGX? The mutual funds below have the lowest correlation with JMIGX — 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 JMIGX.

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 (NEAGX) (Small Cap Growth Equities) with a 1Y correlation of 0.63, roughly unchanged from 0.72 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
NEAGX
Needham Aggressive Growth Fund0.630.670.72
93
Small Cap Growth EquitiesJMIGX vs NEAGX
NEAIX
Needham Aggressive Growth Fund Institutional Class0.630.660.72
93
Small Cap Growth EquitiesJMIGX vs NEAIX
NESGX
Needham Small Cap Growth Fund0.630.700.76
95
Small Cap Growth EquitiesJMIGX vs NESGX
NESIX
Needham Small Cap Growth Fund Institutional0.630.700.76
95
Small Cap Growth EquitiesJMIGX vs NESIX
CTSIX
Calamos Timpani Small Cap Growth Fund0.650.680.76
77
Small Cap Growth EquitiesJMIGX vs CTSIX
See all 14 diversifiers for JMIGX

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