Looking to diversify beyond JPICX? The mutual funds below have the lowest correlation with JPICX — 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 JPICX.
Best Diversifiers for JPICX
14 mutual funds have low correlation with JPICX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Municipal Real Return Portfolio (DMREX) (Municipal Bonds) with a 1Y correlation of 0.03, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Municipal Real Return Portfolio | 0.03 | 0.22 | 0.24 | 94 | Municipal Bonds | JPICX vs DMREX | |
| DFA California Municipal Real Return Portfolio | 0.04 | 0.20 | 0.22 | 95 | Municipal Bonds | JPICX vs DCARX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 0.12 | 0.14 | 0.13 | 99 | Municipal Bonds | JPICX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 0.13 | 0.10 | 0.08 | 99 | Municipal Bonds | JPICX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | 0.16 | 0.13 | 0.15 | 99 | Municipal Bonds | JPICX vs ATOIX |
See all 23 diversifiers for JPICX
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