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Janus Henderson Developed World Bond Fund (HFAAX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in bonds or other income-producing debt-related securities from developed countries. The managers intend to invest at least 40% of the fund's net assets outside of the United States and in at least three different countries.

Looking to diversify beyond HFAAX? The mutual funds below have the lowest correlation with HFAAX — 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 HFAAX.

Best Diversifiers for HFAAX

0 mutual funds have low correlation with HFAAX (below 0.3), 0 of which are negatively correlated. The least correlated is Columbia Floating Rate Fund (RFRAX) (Bank Loan) with a 1Y correlation of 0.30, up from 0.16 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
RFRAX
Columbia Floating Rate Fund0.300.150.16
76
Bank LoanHFAAX vs RFRAX
JGLTX
Janus Henderson VIT Global Technology and Innovati...0.310.140.16
73
Technology EquitiesHFAAX vs JGLTX
JATIX
Janus Henderson Global Technology and Innovation F...0.310.140.16
72
Technology EquitiesHFAAX vs JATIX
JAGTX
Janus Global Technology and Innovation Fund0.310.140.16
72
Technology EquitiesHFAAX vs JAGTX
JNGTX
Janus Henderson Global Technology and Innovation F...0.310.140.16
72
Technology EquitiesHFAAX vs JNGTX
See all 14 diversifiers for HFAAX

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Diversification Analysis

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