Looking to diversify beyond JMSSX? The mutual funds below have the lowest correlation with JMSSX — 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 JMSSX.
Best Diversifiers for JMSSX
1 mutual funds have low correlation with JMSSX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.29, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.29 | 0.31 | 0.36 | 80 | Multisector Bonds | JMSSX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.72 | 0.74 | 0.81 | 65 | Large Cap Value Equities, Dividend | JMSSX vs OIEJX | |
| Dimensional Retirement Income Fund | 0.74 | 0.77 | 0.74 | 83 | Target Retirement Date | JMSSX vs TDIFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.81 | 0.73 | 0.69 | 78 | Target Retirement Date | JMSSX vs FFGZX | |
| Prudential Day One Income Fund | 0.82 | 0.82 | 0.83 | 85 | Target Retirement Date | JMSSX vs PDAHX |
See all 35 diversifiers for JMSSX
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