Looking to diversify beyond JSOSX? The mutual funds below have historically moved differently from JSOSX, 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 JSOSX
37 mutual funds have low correlation with JSOSX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) (Total Bond Market) with a 1Y correlation of -0.04, up from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Ultra-Short-Term Bond Fund Investor Share... | -0.04 | -0.09 | -0.14 | 99 | Total Bond Market | JSOSX vs VUBFX | |
| Eaton Vance Global Macro Absolute Return Advantage... | 0.03 | -0.06 | 0.02 | 98 | Nontraditional Bonds | JSOSX vs EGRIX | |
| Vanguard Ultra-Short-Term Bond Fund Admiral Shares | 0.12 | -0.08 | -0.16 | 100 | Total Bond Market | JSOSX vs VUSFX | |
| Frost Credit Fund A Class Shares | 0.14 | -0.17 | -0.22 | 57 | Total Bond Market | JSOSX vs FCFBX | |
| JPMorgan Equity Income Fund R6 | 0.16 | -0.06 | -0.09 | 89 | Large Cap Value Equities, Dividend | JSOSX vs OIEJX |
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