Looking to diversify beyond JRBEX? The mutual funds below have the lowest correlation with JRBEX — 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 JRBEX.
Best Diversifiers for JRBEX
0 mutual funds have low correlation with JRBEX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.38, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.38 | 0.42 | 0.45 | 83 | Multisector Bonds | JRBEX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.71 | 0.72 | 0.79 | 75 | Large Cap Value Equities, Dividend | JRBEX vs OIEJX | |
| Dimensional Retirement Income Fund | 0.82 | 0.86 | 0.82 | 81 | Target Retirement Date | JRBEX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.87 | 0.90 | 0.89 | 73 | Target Retirement Date | JRBEX vs ISOLX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 0.87 | 0.86 | 0.84 | 81 | Target Retirement Date | JRBEX vs FRQHX |
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