Looking to diversify beyond JNEMX? The mutual funds below have historically moved differently from JNEMX, 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 JNEMX
0 mutual funds have low correlation with JNEMX (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 0.37, roughly unchanged from 0.36 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 | 0.37 | 0.32 | 0.36 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JNEMX vs JMSIX | |
| Pear Tree Polaris Foreign Value Fund | 0.46 | 0.59 | 0.67 | 88 | Foreign Large Cap Equities | JNEMX vs QFVOX | |
| Federated Hermes International Strategic Value Div... | 0.49 | 0.59 | 0.70 | 88 | Foreign Large Cap Equities | JNEMX vs IVFIX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.54 | 0.74 | 0.80 | 61 | Foreign Large Cap Equities | JNEMX vs GSIMX | |
| Goldman Sachs GQG Partners International Opportuni... | 0.55 | 0.74 | 0.80 | 61 | Foreign Large Cap Equities | JNEMX vs GSINX |
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