Looking to diversify beyond JMUEX? The mutual funds below have the lowest correlation with JMUEX — 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 JMUEX.
Best Diversifiers for JMUEX
3 mutual funds have low correlation with JMUEX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity SAI Inflation-Focused (FIFGX) (Commodities) with a 1Y correlation of -0.14, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity SAI Inflation-Focused | -0.14 | 0.03 | 0.13 | 54 | Commodities | JMUEX vs FIFGX | |
| JPMorgan Income Fund | 0.24 | 0.21 | 0.27 | 86 | Multisector Bonds | JMUEX vs JMSIX | |
| JPMorgan Income Fund Class A | 0.25 | 0.20 | 0.26 | 85 | Multisector Bonds | JMUEX vs JGIAX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.32 | 0.14 | 0.11 | 95 | Large Cap Blend Equities | JMUEX vs SVPFX | |
| Federated Hermes MDT All Cap Core Fund | 0.39 | 0.62 | 0.79 | 51 | Large Cap Blend Equities | JMUEX vs QIACX |
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