Looking to diversify beyond JUEMX? The mutual funds below have the lowest correlation with JUEMX — 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 JUEMX.
Best Diversifiers for JUEMX
18 mutual funds have low correlation with JUEMX (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Municipal Fund (USMTX) (Municipal Bonds) with a 1Y correlation of 0.11, up from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Municipal Fund | 0.11 | 0.03 | -0.01 | 99 | Municipal Bonds | JUEMX vs USMTX | |
| JPMorgan Ultra-Short Municipal Fund | 0.14 | 0.08 | 0.06 | 99 | Municipal Bonds | JUEMX vs USMSX | |
| JPMorgan Strategic Income Opportunities Fund Class... | 0.14 | -0.06 | -0.11 | 99 | Total Bond Market | JUEMX vs JSOSX | |
| JPMorgan Tax Aware Real Return Fund | 0.15 | 0.15 | 0.19 | 78 | Municipal Bonds | JUEMX vs TXRIX | |
| JPMorgan California Tax Free Bond Fund Class C | 0.16 | 0.13 | 0.11 | 54 | Municipal Bonds | JUEMX vs JCBCX |
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