Looking to diversify beyond JAGLX? The mutual funds below have the lowest correlation with JAGLX — 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 JAGLX.
Best Diversifiers for JAGLX
5 mutual funds have low correlation with JAGLX (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Global Technology and Innovation Fund (JAGTX) (Technology Equities) with a 1Y correlation of 0.16, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Global Technology and Innovation Fund | 0.16 | 0.35 | 0.50 | 59 | Technology Equities | JAGLX vs JAGTX | |
| Janus Henderson Global Technology and Innovation F... | 0.16 | 0.34 | 0.50 | 60 | Technology Equities | JAGLX vs JATIX | |
| Janus Henderson VIT Global Technology and Innovati... | 0.16 | 0.34 | 0.49 | 60 | Technology Equities | JAGLX vs JGLTX | |
| Janus Henderson Global Technology and Innovation F... | 0.16 | 0.34 | 0.50 | 59 | Technology Equities | JAGLX vs JNGTX | |
| T. Rowe Price Science And Technology Fund | 0.17 | 0.33 | 0.46 | 77 | Technology Equities | JAGLX vs PRSCX |
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