Looking to diversify beyond JSASX? The mutual funds below have the lowest correlation with JSASX — 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 JSASX.
Best Diversifiers for JSASX
1 mutual funds have low correlation with JSASX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.29, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.29 | 0.30 | 0.35 | 80 | Multisector Bonds | JSASX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.74 | 0.74 | 0.81 | 65 | Large Cap Value Equities, Dividend | JSASX vs OIEJX | |
| Dimensional Retirement Income Fund | 0.75 | 0.77 | 0.74 | 83 | Target Retirement Date | JSASX vs TDIFX | |
| Fidelity Freedom Income Fund | 0.80 | 0.73 | 0.70 | 76 | Target Retirement Date | JSASX vs FFFAX | |
| Fidelity Freedom Income Fund Class K | 0.81 | 0.73 | 0.70 | 75 | Target Retirement Date | JSASX vs FNSHX |
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