Looking to diversify beyond JNEAX? The mutual funds below have the lowest correlation with JNEAX — 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 JNEAX.
Best Diversifiers for JNEAX
1 mutual funds have low correlation with JNEAX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.28, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.28 | 0.30 | 0.35 | 80 | Multisector Bonds | JNEAX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.72 | 0.74 | 0.81 | 65 | Large Cap Value Equities, Dividend | JNEAX vs OIEJX | |
| Dimensional Retirement Income Fund | 0.74 | 0.77 | 0.74 | 83 | Target Retirement Date | JNEAX vs TDIFX | |
| Fidelity Managed Retirement Income Fund Class K6 | 0.81 | 0.74 | 0.71 | 75 | Target Retirement Date | JNEAX vs FRHMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 0.81 | 0.74 | 0.71 | 72 | Target Retirement Date | JNEAX vs FRIMX |
See all 36 diversifiers for JNEAX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements JNEAX
Add JNEAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with JNEAX