Looking to diversify beyond JAFLX? The mutual funds below have the lowest correlation with JAFLX — 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 JAFLX.
Best Diversifiers for JAFLX
4 mutual funds have low correlation with JAFLX (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson VIT Global Technology and Innovation Portfolio (JGLTX) (Technology Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson VIT Global Technology and Innovati... | 0.17 | 0.14 | 0.14 | 79 | Technology Equities | JAFLX vs JGLTX | |
| Janus Henderson Global Technology and Innovation F... | 0.18 | 0.13 | 0.13 | 78 | Technology Equities | JAFLX vs JATIX | |
| Janus Henderson Global Technology and Innovation F... | 0.18 | 0.13 | 0.14 | 78 | Technology Equities | JAFLX vs JNGTX | |
| Janus Global Technology and Innovation Fund | 0.18 | 0.13 | 0.13 | 78 | Technology Equities | JAFLX vs JAGTX | |
| Holbrook Income Fund Class I | 0.35 | 0.34 | 0.38 | 98 | Intermediate Core-Plus Bond | JAFLX vs HOBIX |
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