Looking to diversify beyond JMUIX? The mutual funds below have the lowest correlation with JMUIX — 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 JMUIX.
Best Diversifiers for JMUIX
9 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 0.01, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nationwide Strategic Income A | 0.01 | 0.24 | 0.18 | 99 | Multisector Bonds | JMUIX vs NWXEX | |
| CrossingBridge Responsible Credit Fund | 0.08 | 0.13 | — | 70 | Multisector Bonds | JMUIX vs CBRDX | |
| Nationwide Amundi Strategic Income Fund | 0.11 | 0.28 | 0.18 | 99 | Multisector Bonds | JMUIX vs NWXHX | |
| CrossingBridge Low Duration High Yield Fund | 0.19 | 0.21 | 0.20 | 97 | Multisector Bonds | JMUIX vs CBLDX | |
| Potomac Managed Volatility Fund | 0.20 | 0.41 | 0.25 | 70 | Multisector Bonds | JMUIX vs CRMVX |
See all 31 diversifiers for JMUIX
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