Looking to diversify beyond JPDIX? The mutual funds below have historically moved differently from JPDIX, 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 JPDIX
0 mutual funds have low correlation with JPDIX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Equity Income Fund R6 (OIEJX) (Large Cap Value Equities) with a 1Y correlation of 0.36, roughly unchanged from 0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Equity Income Fund R6 | 0.36 | 0.36 | — | 89 | Large Cap Value Equities, Dividend | JPDIX vs OIEJX | |
| Calamos Convertible Fund | 0.41 | 0.39 | — | 70 | Convertible Bonds | JPDIX vs CCVIX | |
| Calamos Convertible Fund | 0.41 | 0.38 | — | 72 | Convertible Bonds | JPDIX vs CICVX | |
| Fidelity Advisor Convertible Securities Fund Class... | 0.42 | 0.38 | — | 54 | Convertible Bonds | JPDIX vs FIQVX | |
| Fidelity Advisor Convertible Securities Fund Class... | 0.42 | 0.38 | — | 53 | Convertible Bonds | JPDIX vs FICVX |
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