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Janus Henderson Contrarian Fund (JACNX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 4, 2026
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The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities with the potential for long-term growth of capital. The manager seeks to invest in companies where the stock price trades at a significant discount to the manager's estimate of fair value and whose intrinsic value the manager believes will grow over time. The fund may invest in companies of any size, from larger, well-established companies to smaller, emerging growth companies. It may also invest in foreign securities, which may include investments in emerging markets.

Looking to diversify beyond JACNX? The mutual funds below have historically moved differently from JACNX, 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 JACNX

5 mutual funds have low correlation with JACNX (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson Short Duration Flexible Bond Fund (JNSTX) (Short-Term Bond) with a 1Y correlation of 0.09, roughly unchanged from 0.10 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
JNSTX
Janus Henderson Short Duration Flexible Bond Fund0.090.080.10
75
Short-Term BondJACNX vs JNSTX
JNGLX
Janus Henderson Global Life Sciences Fund0.270.510.60
92
Health & Biotech EquitiesJACNX vs JNGLX
JFNAX
Janus Henderson Global Life Sciences Fund Class A0.270.510.60
92
Health & Biotech EquitiesJACNX vs JFNAX
JERIX
Janus Henderson Global Real Estate Fund0.270.490.60
51
REITJACNX vs JERIX
JAGLX
Janus Henderson Global Life Sciences Fund Class T0.280.500.60
92
Health & Biotech EquitiesJACNX vs JAGLX
See all 54 diversifiers for JACNX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for JACNX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.05, down from 0.43 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BRK-B
Berkshire Hathaway Inc.-0.050.250.43
61
Financial Services

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