Looking to diversify beyond JAIGX? The mutual funds below have the lowest correlation with JAIGX — 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 JAIGX.
Best Diversifiers for JAIGX
0 mutual funds have low correlation with JAIGX (below 0.3), 0 of which are negatively correlated. The least correlated is Federated Hermes International Strategic Value Dividend Fund (IVFIX) (Foreign Large Cap Equities) with a 1Y correlation of 0.41, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes International Strategic Value Div... | 0.41 | 0.53 | 0.65 | 63 | Foreign Large Cap Equities | JAIGX vs IVFIX | |
| Janus Henderson Global Technology and Innovation F... | 0.61 | 0.61 | 0.65 | 53 | Technology Equities | JAIGX vs JNGTX | |
| Janus Global Technology and Innovation Fund | 0.61 | 0.61 | 0.65 | 53 | Technology Equities | JAIGX vs JAGTX | |
| Janus Henderson VIT Global Technology and Innovati... | 0.61 | 0.61 | 0.65 | 52 | Technology Equities | JAIGX vs JGLTX | |
| Janus Henderson Global Technology and Innovation F... | 0.62 | 0.61 | 0.65 | 53 | Technology Equities | JAIGX vs JATIX |
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