Looking to diversify beyond JAMVX? The mutual funds below have historically moved differently from JAMVX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for JAMVX
0 mutual funds have low correlation with JAMVX (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson Global Equity Income Fund (HFQAX) (Dividend) with a 1Y correlation of 0.70, roughly unchanged from 0.73 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson Global Equity Income Fund | 0.71 | 0.66 | 0.73 | 86 | Dividend, Foreign Large Cap Equities | JAMVX vs HFQAX | |
| Invesco Value Opportunities Fund | 0.72 | 0.79 | 0.86 | 74 | Mid Cap Value Equities | JAMVX vs VVOAX | |
| Invesco Value Opportunities Fund Class Y | 0.73 | 0.80 | 0.86 | 74 | Mid Cap Value Equities | JAMVX vs VVOIX | |
| Invesco V.I. American Value Fund | 0.73 | 0.80 | 0.86 | 72 | Mid Cap Value Equities | JAMVX vs UMCVX | |
| Glenmede Quantitative U.S. Total Market Equity Por... | 0.76 | 0.83 | 0.88 | 80 | Mid Cap Value Equities | JAMVX vs GTTMX |
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