Looking to diversify beyond POMIX? The mutual funds below have historically moved differently from POMIX, 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 POMIX
1 mutual funds have low correlation with POMIX (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 0.29, roughly unchanged from 0.29 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 | 0.29 | 0.23 | 0.29 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | POMIX vs JMSIX | |
| Goldman Sachs Strategic Volatility Premium Fund | 0.34 | 0.18 | 0.14 | 97 | Large Cap Blend Equities | POMIX vs SVPFX | |
| T. Rowe Price Health Sciences Fund | 0.37 | 0.57 | 0.67 | 74 | Health & Biotech Equities | POMIX vs PRHSX | |
| North Square Preferred and Income Securities Fund | 0.52 | 0.35 | 0.41 | 59 | Preferred Stock | POMIX vs ORDNX | |
| Dodge & Cox Stock Fund Class I | 0.55 | 0.67 | 0.76 | 56 | Large Cap Value Equities | POMIX vs DODGX |
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