Looking to diversify beyond JMUEX? The mutual funds below have historically moved differently from JMUEX, 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 JMUEX
4 mutual funds have low correlation with JMUEX (below 0.3), 2 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.17, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.17 | 0.00 | 0.13 | 79 | Commodities | JMUEX vs FIFGX | |
| PIMCO CommoditiesPLUS Strategy Fund | -0.12 | 0.02 | 0.12 | 72 | Commodities | JMUEX vs PCLIX | |
| JPMorgan Income Fund Class I | 0.28 | 0.21 | 0.27 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JMUEX vs JMSIX | |
| JPMorgan Income Fund Class A | 0.28 | 0.20 | 0.26 | 85 | Multisector Bonds | JMUEX vs JGIAX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.35 | 0.14 | 0.12 | 97 | Large Cap Blend Equities | JMUEX vs SVPFX |
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