Looking to diversify beyond JOBEX? The mutual funds below have historically moved differently from JOBEX, 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 JOBEX
0 mutual funds have low correlation with JOBEX (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 0.36, roughly unchanged from 0.38 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 | 0.36 | 0.33 | 0.38 | 73 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JOBEX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.69 | 0.73 | 0.80 | 94 | Large Cap Value Equities, Dividend | JOBEX vs OIEJX | |
| Dimensional Retirement Income Fund | 0.82 | 0.80 | 0.76 | 82 | Target Retirement Date | JOBEX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.86 | 0.85 | 0.85 | 70 | Target Retirement Date | JOBEX vs ISOLX | |
| Prudential Day One Income Fund | 0.86 | 0.84 | 0.85 | 85 | Target Retirement Date | JOBEX vs PDAHX |
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