Looking to diversify beyond JANFX? The mutual funds below have the lowest correlation with JANFX — 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 JANFX.
Best Diversifiers for JANFX
1 mutual funds have low correlation with JANFX (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Blue Chip Growth Fund (FBGRX) (Large Cap Growth Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Blue Chip Growth Fund | 0.22 | 0.15 | 0.12 | 56 | Large Cap Growth Equities | JANFX vs FBGRX | |
| Fidelity 500 Index Fund | 0.32 | 0.22 | 0.16 | 69 | S&P 500 | JANFX vs FXAIX | |
| Vanguard Wellington Fund Investor Shares | 0.40 | 0.36 | 0.32 | 68 | Diversified Portfolio | JANFX vs VWELX | |
| 1290 Diversified Bond Fund | 0.49 | 0.77 | 0.79 | 55 | Intermediate Core-Plus Bond | JANFX vs TNUIX | |
| Fidelity High Income Fund | 0.50 | 0.54 | 0.45 | 92 | High Yield Bonds | JANFX vs SPHIX |
See all 16 diversifiers for JANFX
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