Looking to diversify beyond JMUIX? The mutual funds below have historically moved differently from JMUIX, 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 JMUIX
3 mutual funds have low correlation with JMUIX (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 0.19, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.19 | 0.26 | 0.19 | 99 | Multisector Bonds | JMUIX vs NWXEX | |
| CrossingBridge Low Duration High Yield Fund | 0.24 | 0.24 | 0.21 | 96 | Multisector Bonds | JMUIX vs CBLDX | |
| Nationwide Amundi Strategic Income Fund | 0.25 | 0.29 | 0.19 | 99 | Multisector Bonds | JMUIX vs NWXHX | |
| American Century Equity Income Fund | 0.30 | 0.28 | 0.24 | 83 | Dividend, Large Cap Value Equities | JMUIX vs TWEIX | |
| Oaktree Diversified Income Fund Inc. Class D | 0.45 | 0.40 | — | 98 | Multisector Bonds | JMUIX vs ODIDX |
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