Looking to diversify beyond JSDSX? The mutual funds below have the lowest correlation with JSDSX — 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 JSDSX.
Best Diversifiers for JSDSX
5 mutual funds have low correlation with JSDSX (below 0.3), 0 of which are negatively correlated. The least correlated is DFA Two-Year Fixed Income Portfolio (DFCFX) (Short-Term Bond) with a 1Y correlation of 0.08, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| DFA Two-Year Fixed Income Portfolio | 0.08 | 0.05 | 0.36 | 66 | Short-Term Bond | JSDSX vs DFCFX | |
| Leader Short Term High Yield Bond Fund | 0.08 | 0.06 | 0.23 | 75 | Short-Term Bond | JSDSX vs LCCMX | |
| JPMorgan Equity Income Fund R6 | 0.27 | 0.15 | 0.19 | 65 | Large Cap Value Equities, Dividend | JSDSX vs OIEJX | |
| DFA Short-Duration Real Return Portfolio | 0.27 | 0.29 | 0.42 | 99 | Short-Term Bond | JSDSX vs DFAIX | |
| GuidePath Absolute Return Allocation Fund | 0.30 | 0.63 | 0.70 | 74 | Short-Term Bond | JSDSX vs GPARX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JSDSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JSDSX and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.06, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.06 | 0.15 | 0.16 | 59 | Communication Services | |
| JPMorgan Chase & Co. | 0.10 | -0.01 | 0.05 | 59 | Financial Services | |
| The Coca-Cola Company | 0.20 | 0.14 | 0.17 | 66 | Consumer Defensive | |
| Johnson & Johnson | 0.20 | 0.15 | 0.18 | 92 | Healthcare | |
| The Toronto-Dominion Bank | 0.24 | 0.17 | 0.19 | 97 | Financial Services |
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