Looking to diversify beyond SRJSX? The mutual funds below have historically moved differently from SRJSX, 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 SRJSX
0 mutual funds have low correlation with SRJSX (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 0.38, roughly unchanged from 0.41 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 | 0.38 | 0.36 | 0.41 | 87 | Multisector Bonds, Investment Grade Bonds, High Yield Bonds, Actively Managed | SRJSX vs JMSIX | |
| JPMorgan Equity Income Fund R6 | 0.69 | 0.73 | 0.80 | 89 | Large Cap Value Equities, Dividend | SRJSX vs OIEJX | |
| Dimensional Retirement Income Fund | 0.83 | 0.82 | 0.78 | 81 | Target Retirement Date | SRJSX vs TDIFX | |
| Prudential Day One Income Fund | 0.88 | 0.86 | 0.86 | 85 | Target Retirement Date | SRJSX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.90 | 0.80 | 0.76 | 70 | Target Retirement Date | SRJSX vs FFGZX |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SRJSX
Add SRJSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SRJSX