Looking to diversify beyond JMM? The mutual funds below have historically moved differently from JMM, 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 JMM
17 mutual funds have low correlation with JMM (below 0.3), 0 of which are negatively correlated. The least correlated is Nationwide Strategic Income A (NWXEX) (Multisector Bonds) with a 1Y correlation of 0.13, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.13 | 0.13 | 0.08 | 99 | Multisector Bonds | JMM vs NWXEX | |
| Nuveen Real Estate Securities Fund | 0.14 | 0.20 | 0.22 | 72 | REIT | JMM vs FARCX | |
| CrossingBridge Low Duration High Yield Fund | 0.14 | 0.17 | 0.12 | 96 | Multisector Bonds | JMM vs CBLDX | |
| Nationwide Amundi Strategic Income Fund | 0.18 | 0.18 | 0.10 | 99 | Multisector Bonds | JMM vs NWXHX | |
| Rational Special Situations Income Fund | 0.19 | 0.14 | 0.12 | 98 | Multisector Bonds | JMM vs RFXIX |
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