Looking to diversify beyond JOBEX? The mutual funds below have the lowest correlation with JOBEX — 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 JOBEX.
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 (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.33, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.33 | 0.34 | 0.38 | 76 | Multisector Bonds | JOBEX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.73 | 0.74 | 0.81 | 72 | Large Cap Value Equities, Dividend | JOBEX vs OIEJX | |
| Dimensional Retirement Income Fund | 0.79 | 0.80 | 0.76 | 64 | Target Retirement Date | JOBEX vs TDIFX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.84 | 0.78 | 0.77 | 72 | Target Retirement Date | JOBEX vs FRQHX | |
| Fidelity Managed Retirement Income Fund | 0.84 | 0.77 | 0.74 | 69 | Target Retirement Date | JOBEX vs FIRMX |
See all 59 diversifiers for JOBEX
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