Looking to diversify beyond JMSCX? The mutual funds below have the lowest correlation with JMSCX — 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 JMSCX.
Best Diversifiers for JMSCX
2 mutual funds have low correlation with JMSCX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.23, up from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.23 | -0.02 | -0.14 | 88 | Global Allocation | JMSCX vs LFMIX | |
| Wilmington Real Asset Fund | 0.28 | 0.54 | 0.61 | 84 | Global Allocation | JMSCX vs WMRIX | |
| Hartford Real Asset Fund | 0.40 | 0.57 | 0.65 | 97 | Global Allocation | JMSCX vs HRLYX | |
| Allspring Absolute Return Fund | 0.48 | 0.65 | 0.61 | 94 | Global Allocation | JMSCX vs WARAX | |
| MH Elite Select Portfolio of Funds Fund | 0.48 | 0.45 | 0.67 | 55 | Global Allocation | JMSCX vs MHESX |
See all 20 diversifiers for JMSCX
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