Looking to diversify beyond JACNX? The mutual funds below have the lowest correlation with JACNX — 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 JACNX.
Best Diversifiers for JACNX
1 mutual funds have low correlation with JACNX (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson Absolute Return Income Opportunities Fund (JUCIX) (Nontraditional Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson Absolute Return Income Opportuniti... | 0.26 | 0.23 | 0.25 | 89 | Nontraditional Bonds | JACNX vs JUCIX | |
| Janus Henderson Developed World Bond Fund Class D | 0.35 | 0.21 | 0.16 | 54 | Global Bonds | JACNX vs HFADX | |
| Janus Henderson Global Equity Income Fund | 0.51 | 0.58 | 0.67 | 56 | Foreign Large Cap Equities | JACNX vs HFQAX | |
| Janus Henderson High-Yield Fund | 0.54 | 0.58 | 0.57 | 77 | High Yield Bonds | JACNX vs JNHYX | |
| Schwab Fundamental Emerging Markets Large Company ... | 0.55 | 0.55 | 0.58 | 86 | Emerging Markets Diversified | JACNX vs SFENX |
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