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Janus Henderson Enterprise Fund (JANEX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks long-term growth of capital. The fund pursues its investment objective by investing primarily in common stocks selected for their growth potential, and normally invests at least 50% of its equity assets in medium-sized companies. Medium-sized companies are those whose market capitalization falls within the range of companies in the Russell Midcap Growth Index. Market capitalization is a commonly used measure of the size and value of a company. It may also invest in foreign securities, which may include investments in emerging markets.

Looking to diversify beyond JANEX? The mutual funds below have the lowest correlation with JANEX — 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 JANEX.

Best Diversifiers for JANEX

1 mutual funds have low correlation with JANEX (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson Short Duration Flexible Bond Fund (JNSTX) (Short-Term Bond) with a 1Y correlation of 0.19, roughly unchanged from 0.13 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
JNSTX
Janus Henderson Short Duration Flexible Bond Fund0.190.140.13
71
Short-Term BondJANEX vs JNSTX
JUCIX
Janus Henderson Absolute Return Income Opportuniti...0.360.260.27
92
Nontraditional BondsJANEX vs JUCIX
JMUIX
Janus Henderson Multi-Sector Income Fund0.460.340.28
71
Multisector BondsJANEX vs JMUIX
JFNAX
Janus Henderson Global Life Sciences Fund Class A0.490.610.69
58
Health & Biotech EquitiesJANEX vs JFNAX
JNGLX
Janus Henderson Global Life Sciences Fund0.490.610.69
59
Health & Biotech EquitiesJANEX vs JNGLX
See all 58 diversifiers for JANEX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from JANEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JANEX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.32, down from 0.48 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
AAPL
Apple Inc0.320.350.48
88
Technology
GOOGL
Alphabet Inc. Class A0.370.380.52
96
Communication Services
AMZN
Amazon.com, Inc0.420.450.55
52
Consumer Cyclical
QCOM
QUALCOMM Incorporated0.530.580.65
71
Technology

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Diversification Analysis

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