Looking to diversify beyond JSRSX? The mutual funds below have historically moved differently from JSRSX, 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 JSRSX
0 mutual funds have low correlation with JSRSX (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 0.46, roughly unchanged from 0.55 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 | 0.46 | 0.49 | 0.55 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | JSRSX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.67 | 0.68 | 0.73 | 89 | Large Cap Value Equities, Dividend | JSRSX vs OIEJX | |
| Voya Target Retirement 2040 Fund | 0.87 | 0.90 | 0.91 | 75 | Target Retirement Date | JSRSX vs IRSOX | |
| Dimensional Retirement Income Fund | 0.87 | 0.88 | 0.87 | 81 | Target Retirement Date | JSRSX vs TDIFX | |
| Dimensional 2065 Target Date Retirement Income Fun... | 0.87 | 0.86 | 0.88 | 77 | Target Retirement Date | JSRSX vs DTDRX |
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