Looking to diversify beyond JPGSX? The mutual funds below have the lowest correlation with JPGSX — 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 JPGSX.
Best Diversifiers for JPGSX
1 mutual funds have low correlation with JPGSX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.17, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.17 | 0.16 | 0.26 | 80 | Multisector Bonds | JPGSX vs JMSIX | |
| Emerald Insights Fund | 0.40 | 0.79 | 0.86 | 98 | Large Cap Growth Equities | JPGSX vs EFCNX | |
| JPMorgan Equity Income Fund R6 | 0.44 | 0.49 | 0.62 | 60 | Large Cap Value Equities, Dividend | JPGSX vs OIEJX | |
| ICON Equity Fund | 0.58 | 0.57 | 0.70 | 70 | Large Cap Growth Equities | JPGSX vs IOLZX | |
| Vanguard Developed Markets Index Fund Admiral Shar... | 0.64 | 0.63 | 0.69 | 55 | Large Cap Growth Equities, Foreign Large Cap Equities | JPGSX vs VTMGX |
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