Looking to diversify beyond JANBX? The mutual funds below have historically moved differently from JANBX, 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 JANBX
12 mutual funds have low correlation with JANBX (below 0.3), 1 of which are negatively correlated. The least correlated is SEI Institutional Managed Trust Multi-Asset Inflation Managed Fund (SIFAX) (Diversified Portfolio) with a 1Y correlation of -0.31, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SEI Institutional Managed Trust Multi-Asset Inflat... | -0.31 | -0.11 | 0.03 | 83 | Diversified Portfolio | JANBX vs SIFAX | |
| MH Elite Small Cap Fund of Funds Fund | 0.03 | 0.13 | 0.45 | 66 | Diversified Portfolio | JANBX vs MHELX | |
| Janus Henderson Short Duration Flexible Bond Fund | 0.18 | 0.18 | 0.22 | 82 | Short-Term Bond | JANBX vs JNSTX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.24 | 0.43 | 0.50 | 89 | Diversified Portfolio | JANBX vs FCSRX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.25 | 0.42 | 0.50 | 91 | Diversified Portfolio | JANBX vs FSIRX |
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