Looking to diversify beyond JNEAX? The mutual funds below have historically moved differently from JNEAX, 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 JNEAX
0 mutual funds have low correlation with JNEAX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund Class I (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.33, roughly unchanged from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund Class I | 0.33 | 0.30 | 0.35 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JNEAX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.69 | 0.74 | 0.80 | 89 | Large Cap Value Equities, Dividend | JNEAX vs OIEJX | |
| Dimensional Retirement Income Fund | 0.80 | 0.78 | 0.74 | 81 | Target Retirement Date | JNEAX vs TDIFX | |
| Dimensional 2015 Target Date Retirement Income Fun... | 0.81 | 0.73 | 0.67 | 53 | Target Retirement Date | JNEAX vs DRIQX | |
| MFS Lifetime Income Fund | 0.83 | 0.80 | 0.81 | 66 | Target Retirement Date | JNEAX vs MLLIX |
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