Looking to diversify beyond JNSSX? The mutual funds below have historically moved differently from JNSSX, 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 JNSSX
0 mutual funds have low correlation with JNSSX (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 0.44, roughly unchanged from 0.51 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 | 0.44 | 0.47 | 0.51 | 81 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JNSSX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.67 | 0.69 | 0.76 | 91 | Large Cap Value Equities, Dividend | JNSSX vs OIEJX | |
| Dimensional Retirement Income Fund | 0.87 | 0.87 | 0.85 | 82 | Target Retirement Date | JNSSX vs TDIFX | |
| Voya Target Retirement 2040 Fund | 0.87 | 0.91 | 0.93 | 76 | Target Retirement Date | JNSSX vs IRSOX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.88 | 0.88 | 0.91 | 78 | Target Retirement Date | JNSSX vs DTDRX |
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