Looking to diversify beyond JSMSX? The mutual funds below have historically moved differently from JSMSX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for JSMSX
0 mutual funds have low correlation with JSMSX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Income Fund Class I (JMSIX) (Multisector Bonds) with a 1Y correlation of 0.40, roughly unchanged from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund Class I | 0.40 | 0.41 | 0.45 | 73 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JSMSX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.68 | 0.71 | 0.78 | 94 | Large Cap Value Equities, Dividend | JSMSX vs OIEJX | |
| Dimensional Retirement Income Fund | 0.84 | 0.85 | 0.81 | 83 | Target Retirement Date | JSMSX vs TDIFX | |
| Voya Target In-Retirement Fund | 0.88 | 0.90 | 0.89 | 68 | Target Retirement Date | JSMSX vs ISOLX | |
| Voya Target Retirement 2045 Fund | 0.89 | 0.93 | 0.95 | 80 | Target Retirement Date | JSMSX vs IRSPX |
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