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 Short Duration Flexible Bond Fund (JNSTX) (Short-Term Bond) with a 1Y correlation of 0.10, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson Short Duration Flexible Bond Fund | 0.10 | 0.10 | 0.10 | 63 | Short-Term Bond | JACNX vs JNSTX | |
| Janus Henderson Absolute Return Income Opportuniti... | 0.32 | 0.24 | 0.25 | 91 | Nontraditional Bonds | JACNX vs JUCIX | |
| Janus Henderson Multi-Sector Income Fund | 0.33 | 0.27 | 0.22 | 67 | Multisector Bonds | JACNX vs JMUIX | |
| Janus Henderson Global Life Sciences Fund | 0.36 | 0.53 | 0.63 | 73 | Health & Biotech Equities | JACNX vs JNGLX | |
| Janus Henderson Global Life Sciences Fund Class T | 0.37 | 0.53 | 0.62 | 67 | Health & Biotech Equities | JACNX vs JAGLX |
See all 51 diversifiers for JACNX
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