Looking to diversify beyond JTSSX? The mutual funds below have the lowest correlation with JTSSX — 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 JTSSX.
Best Diversifiers for JTSSX
1 mutual funds have low correlation with JTSSX (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 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Income Fund | 0.29 | 0.30 | 0.34 | 80 | Multisector Bonds | JTSSX vs JMSIX | |
| PIMCO All Asset Fund | 0.67 | 0.67 | 0.71 | 91 | Tactical Allocation | JTSSX vs PAAIX | |
| JPMorgan Equity Income Fund R6 | 0.74 | 0.75 | 0.81 | 65 | Large Cap Value Equities, Dividend | JTSSX vs OIEJX | |
| Dimensional Retirement Income Fund | 0.74 | 0.77 | 0.73 | 83 | Target Retirement Date | JTSSX vs TDIFX | |
| Fidelity Freedom Income Fund Class K | 0.80 | 0.72 | 0.69 | 75 | Target Retirement Date | JTSSX vs FNSHX |
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