Looking to diversify beyond JPDIX? The mutual funds below have the lowest correlation with JPDIX — 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 JPDIX.
Best Diversifiers for JPDIX
0 mutual funds have low correlation with JPDIX (below 0.3), 0 of which are negatively correlated. The least correlated is Lord Abbett Convertible Fund Class F (LBFFX) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.38, roughly unchanged from 0.37 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lord Abbett Convertible Fund Class F | 0.38 | 0.37 | — | 83 | Preferred Stock/Convertible Bonds | JPDIX vs LBFFX | |
| JPMorgan Equity Income Fund R6 | 0.39 | 0.37 | — | 77 | Large Cap Value Equities, Dividend | JPDIX vs OIEJX | |
| Calamos Convertible Fund | 0.41 | 0.39 | — | 90 | Preferred Stock/Convertible Bonds | JPDIX vs CCVIX | |
| Calamos Convertible Fund | 0.41 | 0.39 | — | 90 | Preferred Stock/Convertible Bonds | JPDIX vs CICVX | |
| Fidelity Advisor Convertible Securities Fund Class... | 0.42 | 0.39 | — | 87 | Preferred Stock/Convertible Bonds | JPDIX vs FIQVX |
See all 20 diversifiers for JPDIX
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